Time to go short again? Back to 6k... again?
Updated
Hi Guys,
Time to go short again? Back to 6k... again? What do you think?
Take care,
M.
Time to go short again? Back to 6k... again? What do you think?
Take care,
M.
Trade active
Watch out... $100,000,000 USDT from the tether reserve to Bitfinex! omniexplorer.info/address/1NTMakcgVwQpMdGxRQnFKyb3G1FAJysSfz … #USDT #Tether #Crypto Last few times this had a bullish effect... Could also trigger a bit of a short squeeze. Shorting looks a bit risky right now...
Note
Hi guys, the retracement start was today. We are Moving right now between 50 and 100 MA. If we drop below 100 MA, that is another bearish confirmation. In that scenario my assumption would be we move to the 6000 - 6300 levels. We can also bounce Back up from 100 MA Lets wait and see!Note
Guys, if tommorrow we close below today we also have a strong TD sequential for a correction. Buckle your seatbelts again... ^^
Trade closed manually
Trade is doing well, i would suggest to set a stop loss to lock in your profit if it bounces back up. If this is a higer lower then we had in August, there could be a strong reversal. Of course we also have the very bearish scenario, that we are going to retest 5800. For now, i want to close this trading idea. Cheers & enjoy the weekend!
M.
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