westonnn

Short term Short Idea

Short
westonnn Updated   
BITSTAMP:BTCUSD   Bitcoin
Fairly similar set up to my Previous idea.

Entering shorts with tight stops around 98xx-9900

PT: 94xx-95xx

Reasons:

1. RSI: Double oversold top
2. Trading beyond both Bands on hourly
3. Sell counts showing up and we're a few candles beyond the sell count candle.

Good luck out there.

This is purely circumstantial and not to be taken as fact or trading advice.
Comment:
Double Overbought Top*****
Comment:
They've hit their magical 10k for the headlines, adding small here to my position. Probably holding for a day or two. My liquidation is well beyond the price.
Comment:
If you have followed my previous two ideas you would have printed money. Thanks for playing folks
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.