Short

Bitcoin - Exhaustion Gap

Updated

BTC appears to be in an exhaustion gap, indicating that price should fill the gap to $8500. This could begin the correction from the halving hype, which could see price return to the point of control (orange line)

Note

Open Interest 555,000,000 USD on Bitmex, suggesting potential long squeeze

Note

Order Placed:

Side: Short
Entry: 10089.0
Stop Loss: 10361.0
Target: 6721.0
RR(BTC): 18.03
RR(USD): 12.38

Note

Order amended:
Side: Short
Entry: 10274.0
Stop Loss: 10361.0
Target: 6721.0
RR(BTC): 53.77
RR(USD): 40.84

Note

(error in previous post comment)
Order amended:
Side: Short
Entry: 10274.0
Stop Loss: 10421.0
Target: 6721.0
RR(BTC): 33.98
RR(USD): 24.17

Note

Order amended (SL raised):
Side: Short
Entry: 10268.0
Stop Loss: 10561.0
Target: 6721.0
RR(BTC): 18.02
RR(USD): 12.11

Note

Order amended again to raise entry and stop:
Side: Short
Entry: 10389.0
Stop Loss: 10651.0
Target: 6721.0
RR(BTC): 20.89
RR(USD): 14.00

Note

order amended:
Side: Short
Entry: 10289.0
Stop Loss: 10761.0
Target: 6721.0
RR(BTC): 11.67
RR(USD): 7.56

Note

Side: Short
Entry: 10489.0
Stop Loss: 11011.0
Target: 6721.0
RR(BTC): 11.43
RR(USD): 7.22

Note

Side: Short
Entry: 10444.0
Stop Loss: 11001.0
Target: 6721.0
RR(BTC): 10.60
RR(USD): 6.68

Note

Side: Short
Entry: 10417.0
Stop Loss: 11001.0
Target: 6721.0
RR(BTC): 10.04
RR(USD): 6.33

Note

order amended... again :P
Side: Short
Entry: 10868.0
Stop Loss: 11401.0
Target: 6721.0
RR(BTC): 12.76
RR(USD): 7.78

Order cancelled

OrigamiOracle

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