I-Have-No-Idea-What-I-am-Doing Short on Bitcoin

Comments?

Note

This is running since some days and i tried selling the tops.

i can't say the trade is doing good, bitcoin very much can go either direction now.

my feeling remains a little bearish in the medium term because i expect the Altcoins to leech quite some Marketcapitalization from Bitcoin and in the process funds will likely allocate towards Ethereum et al.

Trade active

Will it undershoot?

Trade active

to quote somebody funny from the chat: "imagine it going sideways for 2 weeks"

.. no, we don't want that. We want a clear direction!

Trade active

Clear Directions we don't get. We get what some in the chat call an 'institutionalized correction' whatever that means.

i guess low volatility.

While some call doom on BTC, i call correction to 24k $ max. We will see from there.

What cancels this trade? shootintg through the major correction trendline, as the small triangle gets narrorwer.

Trade active

The Signals tell us to sell sell sell...

since we are LONGTERM BULL (have been for the entire history of crypto) and remain so, we don't rade anything here aggressively. We just want to hedge our holdings against a correction.

I chose trying to sell tops with small leverage.

Personally i also prepared for a upcomming Alt-season allocating certain alts more likely than others.

But for Bitcoin, we expect a correction now, until the bearmarket can continue in 1-2-3-4-5 months.

Note

Shorts turned profitable just some hours ago.

we dont close anything yet offcourse but continue to try to sell tops, if they appear (and are no breakouts) - but since we operate at the lower bands, we got a decent risk/decicision zone to operate it.

for now the signals are more bearish.

Note

we continue to target € 2300

Trade active

30k$ doesnt serve too much of a resistance anymore

Trade active

This hurts our feelings.

But we have a good margin and no greed. so we monitor closely and are ready to close if this trend switches.

Trade closed manually

This has been going in the wrong direction and we closed wit a small loss.

Note

Have been very happily long since.

AustrianView

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AustrianView