Short

I am calling it again, high is set for now for Bitcoin!

Updated

I am going short now on Bitcoin at 8285, I will double my position that i normally have! My gut is telling me that this attempt for a new high will fail, and that it will drop hard and fast. It's a risky trade but i am going for it. I will put my stop around 8400, there is a chance it will make a new high, but i suspect it will be with low volume than. Normally i would not short this, because it should have made a smaller correction by now, but they were able to hold it and to correct it only in time. Normally that is strenght. But i am listening to my gut feeling now. I am taking a chance :)

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My gut feeling was telling me this, an "ending diagional" like in the elliot wave theory. So far my timing was perfect AGAIN. Second time i have stuck out my neck again :) But this time i expect a really big drop. However, with the Bitcoin there are several forces in play so dont be stubborn and just sit and wait, if i get other signals that it is going to turn up again, i will close this position

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I have just added at 8200!. I have also lowered my stop! Because if it drops it has to drop now and not get close to the 8300 again

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First big support, if this one holds, than the uptrend is still intact!! It can bounce a bit ofcourse, and break it later. If it breaks immediately, than its very negative

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I suspect a bit slower bearish flag now, it should stay under the red line to stay negavtive

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Holy crap :) this is what i thought would happen, only it happend in 1% of the time frame i thought :)LOL

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Really want to see if they cann still buy this one back up above 8100. I will clap my hands for them if they mannage to control this

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I have woken up to better views :(. They have done it again, thats why i always keep saying it. Still have some profit 40 points of what was 550 points LOL. Normally i trade i would have sold already. But i realy thought this time something else was going on. If it stays under 8240 it is still negative, but the extreme negative of earlier is already long gone. Above 8240 things will probably change

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Strange, even with the extra volume it has made several failed attempts. to break through the 8240. This is weakness, however it is on a smaller time frame so its not that significant. Otherwise this would be a bullish flag with targets way higher! Big chance it's gonna turn to 8100/8150 and than going to give it another try to make a new ATH. Wait and see. I am still short

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And it will probably go to 8400 now. However i still have my stop around yesterdays high. If it cant break it, than this will still be an AbC correction up.

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i am out at 8030

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I have regrets that i did not close yesterday around 7800/7900. Because i was a bit to stubborn thinking it would drop much more, even though i always say that with the Bitcoin there are special forces at play. As i have mentioned before, even though i have experience, i still make some mistakes. Still a very nice winning trade of 250 points, and i called the turn downwards spot on again! The low has been set i think, it will go to 8150 now with this sprint :)

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If it cant get above the bleu area, than expect something like 7850

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Made a succesful pullback, now the blue area. Lets see, if it fails, i expect a fast drop again

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I have shorted it at 8070 with a short stop at 8130

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I think it was a bad trade, but its only 20 points from my stop, so i am not going to close it now. 60 points loss is no problem, as long as the winners are bigger

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And i am out at 8130

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Iam going to short it again if it drops below 8050

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I am short at 8130, stop at 8210

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And i am out again at 8100, having second thoughts

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I am short again at 8160, it should have already been above 8200 already

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Below 8100 i will add some shorts, maybe even my own :) LOL

botje11

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