I got stopped out on my previous attempt to short BTC.
Sometimes it moves like it's being manipulated, I wonder what that's all about.
Same areas I marked out are coming in to play yet again.
These levels are quite important imo. The short trade will be made here, there is a large amount of potential downside in this coming move.
As always when I expect a bearish week, the best entry would be above the weekly open.
I would prefer another pop higher before the drop but BTC will do what it likes. A pop above would give me somewhere to place my stops as the 10k top is too much risk in the market for my tastes.
I run smaller stops to avoid larger losses.
The drop will come, to wipe out the euphoria. BTC is not out of the woods just yet, this could be a case of "buy the news, sell the event" either way I'm here for whatever.
My opinion is just that, my opinion.
Sometimes it moves like it's being manipulated, I wonder what that's all about.
Same areas I marked out are coming in to play yet again.
These levels are quite important imo. The short trade will be made here, there is a large amount of potential downside in this coming move.
As always when I expect a bearish week, the best entry would be above the weekly open.
I would prefer another pop higher before the drop but BTC will do what it likes. A pop above would give me somewhere to place my stops as the 10k top is too much risk in the market for my tastes.
I run smaller stops to avoid larger losses.
The drop will come, to wipe out the euphoria. BTC is not out of the woods just yet, this could be a case of "buy the news, sell the event" either way I'm here for whatever.
My opinion is just that, my opinion.
