I stopped trying to fade the BTC rally a while ago. It was like chewing bricks and I also have had other things to be dealing with IRL over the last month.
But I am starting to fancy the odds of a swing short again. I think we probably have another leg up first.
Would love to come in as a short somewhere around 55K with a target somewhere around 10K, though.
I still think we're in a corrective leg in a net downtrend. As such, I'd love to short near the 76 retracement.
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Half stop to even and half stop trailed to 42,400. Covers all my losses from the mistimed shorts.
Either make some money or breakeven on the round trip from here.
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Out the longs 45,350.
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Filled short limits into the spike.
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This might have been the last little stop run.
Have more shorts on now with stops above hourly highs.
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If BTC turns off the 76 it can be a real rug pull event. This would be a very good time to be trailing stops if long.
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