Jack-Strainer

There are 2 shorting positions on BTC

Short
Jack-Strainer Updated   
BITSTAMP:BTCUSD   Bitcoin
(FYI MY POSITIONS ARE AT $23.9K)
If I miss it I miss it, oh well


Positions

Potential positions; $18.2k & $23.9k

18.2k broke a few weekly candles, this isn't good at all but with a good position everything will be fine right?
well we will see

If we get into a position at 23.9k and the weekly stays under 18.2k I can promise we can make profit but if it closes above 18.2k then that's when I get confused with a miner bullish thesis. Once bulls close weekly/weekly's above $24k then ill have a major bullish thesis but I highly doubt till happen.

We need weekly's to close under $18.2k and when the last weekly closes under 16.1k then that's when we see a +20% fall


[i]Take Profit

T1: $9,699
T2: $6,999
T3: (aka sell your soul): $1,000 - $2,500



glhf, be safe leverage is no joke
Trade active
Comment:
The kiss of death
Comment:
good luck
Trade closed manually:
closed at brake even, my short was 24k and im out sadly.

waiting for 28k-31k or let a daily close under 24k again then ill re enter.
Comment:

31k-33.5k is resistance

(MY SHORTS ARE AT 33.5K)
Comment:
the monthly an weekly's stayed under the 1.618 fib also under the resistance at 28,260.

I canceled my orders at 33.5k, sold all my spot and still thinking about if I should start shorting.

my plan:
lets just say my position is 1 btc short, im thinking of shorting .5 btc around 28.3k ish and get the next .5 btc once a 1D closes under 24k or wait for a weekly close under 24k to enter the rest of my position. It all depends on pa

THE MOST IMPORTANT THING IS CANDEL STICK CLOSES

ill update when I start, I haven't made a move yet

glhf
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