Hello there traders! Btc has now been in sideways movement for a while and is looking like it is forced to make the move down now. Not even the massive pump regarding tether did anything. It's time to short boys and girls.
The first major target is 5k but 5.5k is also possible big bounce. We will short above 6.4k finex price and put our sl at 6550. Recommended margin: 5x. Will update if anything happens!
The first major target is 5k but 5.5k is also possible big bounce. We will short above 6.4k finex price and put our sl at 6550. Recommended margin: 5x. Will update if anything happens!
Trade active:
Price: Bitfinex
Entry: 6,475.5$
Stop loss: 6550$
Entry: 6,475.5$
Stop loss: 6550$
Comment:
Nice high volume selling going on, update to stop loss: 6475.5$ (Was before 6550$) meaning we don't risk anything anymore! Happy trading /Nirland
Order cancelled:
Does no longer look bearish because of the recent pump.
Trade closed manually:
We will start shorting again IF 6250 breaks down. For now we take profit on this trade. Shorted 6475.5$ took profit at 6430$ at 5x margin = 3.5% Profit!
Waiting for market to decide and it's a potential great long entry 6380$ I will post another idea. Happy trading /Nirland.
Waiting for market to decide and it's a potential great long entry 6380$ I will post another idea. Happy trading /Nirland.
Trade active:
Trading resumed! Even more bearish now, enjoy! Our stop loss is at 6.5k bitfinex price and looking at 5.5k 5k and around 3k for targets.
Comment:
Stop loss updated to 6.3k bitfinex price!
Trade closed: target reached:
Time to start thinking of taking profit here, Our entry was 6300 and exit bellow 5.3k. At recommended 5x margin total 90%+ profit. Remember to always take profit, now I will watch what market does for a while. Have a nice day / Nirland.