Just a pullback to go short again
Updated
I closed my short position after the rebounce at 6000 USD, which is the support zone "Bitcoin miners" have to defend by any means.
I am short on Bitcoin all along from 12k and made some nice profit from the swings. If you understand the market mechanism behind this dump and pump scheme, it is very predictable (only 1 of 5 trades went wrong).
So I am waiting now to go short again.
Depending on the price movement (are there spikes to lure people?) I will go short once the bearish momentum is evident. However, it will be not easy to catch swing and it is possible that I am going to miss it.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.**
I am short on Bitcoin all along from 12k and made some nice profit from the swings. If you understand the market mechanism behind this dump and pump scheme, it is very predictable (only 1 of 5 trades went wrong).
So I am waiting now to go short again.
Depending on the price movement (are there spikes to lure people?) I will go short once the bearish momentum is evident. However, it will be not easy to catch swing and it is possible that I am going to miss it.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.**
Note
Fibonacci and pivot point zones where I expect consolidation or price action reversal.
Note
I am still waiting for the moment to go short. Pumpers try to effect a short squeeze. If I had the big money, I would do so.Note
Still waiting for the short position.Note
Next week will be a good opportunity for my short position.Note
Look at price action ... dump dump dump. Many thanks to all who believe in this scam.Trade closed: target reached
The interesting point is here ... all the media coverage trying to explain why Bitcoin continues to fall despite all the good news that has been published. Everything here is insignificant. Whales pushed prices, then sell sell ... a pattern that is known. Bitcoin is a scam, not the technology! Invest wisely and be not a sheep that can be persuaded that this will be sky-rocketing. Risks are too high that this is gonna fail. Perfect trade again in Bitcoin.
I am out now too risky that ny short Future options may not be covered by my issuer in case of crash.
Order cancelled
I gathered my profit. I need to change my portfolio.
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