BitcoinShort
XBT/USD Short
Updated
Entry -7420.50, 5x Leverage
Oversold RSI, Very tight BB, Decline in volume
No stops in place as of now, I will be watching very closely as ATH of shorts were placed around high 6k-7k, anyone trading with 10x leverage would have a liquidation value of around 7.4-7.6k, MM's may try to force price to this range to stop-loss hunt/trigger liquidation.
TA says XBT is going down tho...
Oversold RSI, Very tight BB, Decline in volume
No stops in place as of now, I will be watching very closely as ATH of shorts were placed around high 6k-7k, anyone trading with 10x leverage would have a liquidation value of around 7.4-7.6k, MM's may try to force price to this range to stop-loss hunt/trigger liquidation.
TA says XBT is going down tho...
Trade active
market stop placed @ 7530.001D shows triple top pattern as well, more the reason to short.
Regardless whichever direction XBT decides to break it should be a multi hundred dollar movement, my bet is on it going downwards tho...
Trade active
stop moved back to 7720, giving this one room to breathe, RSI nearing being maxed out, lots of room to go down,
Price increasing while volume decreasing
RSI ascending line likely to be retested before breaking resistance upwards IMO
Target is at 7150-7k to close this short
Trade active
40% of entry out at 7080 flat for 49% gain.60% of entry still riding.
Market stop moved down to 7170/7220 50:50
:) nailing that 7150-7k target right on...
I am expecting a bounce from either this range, or from chev level 6.6k. I am completely uncertain where it will be going from here, stop was moved down to ensure at a minimum a gain of 30% is made. I will be watching closely to see whether to close now at low 7k, or to wait for an attempt to close at mid-high 6k
Trade active
support holding at 6.7-6.8k, bear flag painted tho... my bet is 6.2-6.4k by tmmr.very well could bounce off chev tho and revert back to low 7k.
Trade active
1/5 of position left, out with 71.49% profit on the other 4/5ths. Stop @ 6955
Target 6.2-6.5k (place take market orders layered in this range)
Trade active
Hit 6.4k range last night very briefly, then reverse and I got stopped out. Total position closed, net average gain on entry = 68.41%Currently in the chop zone. Looking to re-enter sometime today though...
Limit short orders placed (6835/6850/6890/6905/6915), 5X leverage,
Stop market @ 6945.
Worst case I get stopped and take approx. -5.5% loss
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