Bitcoin Short on Dump Continuation
Updated
I consider adding to short position at this level if price doesn't rebound quickly from this $8,650. This looks like it's going to go deeper. My current short-term price target is 8.3 - 8k.
Further bearish speculation. The Mt.Gox Address by Kobayashi just moved 7,000 BTC to Bittrex. Take what you will from it, but to be safe I definitely wouldn't go long right now.
Source: bitinfocharts.com/bitcoin/address/16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk
Further bearish speculation. The Mt.Gox Address by Kobayashi just moved 7,000 BTC to Bittrex. Take what you will from it, but to be safe I definitely wouldn't go long right now.
Source: bitinfocharts.com/bitcoin/address/16rCmCmbuWDhPjWTrpQGaU3EPdZF7MTdUk
Trade active
I am still leaning towards further downside but it could bounce a little from here as well; which is why it's not such a bad idea to scaled part of your position out at the current price of $8,425. You can always reenter position on the a bounce.Trade closed: stop reached
Close remaining short @ current price of $8090 and wait for bounce.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.