Shorting bitcoin, precise targets and details in comment section
I still havent had a nice full opposite move on any of trades/setups i posted. This has a very high probability of being the first one.
In general, i dont believe we gonna see a generous "market manipulator" push price to a such desired range of 6800 for everyone to short/hedge and only after that drop the price.
The other possibility that can happen, which rekts this idea completely, is that we push to 6800, start dumping - and because we have such a high bullish sentiment everyone just fomoes into 6800 and we skyrocket through 7k. I find it much more unlikely to happen, therefore im shorting.
In general, i dont believe we gonna see a generous "market manipulator" push price to a such desired range of 6800 for everyone to short/hedge and only after that drop the price.
The other possibility that can happen, which rekts this idea completely, is that we push to 6800, start dumping - and because we have such a high bullish sentiment everyone just fomoes into 6800 and we skyrocket through 7k. I find it much more unlikely to happen, therefore im shorting.
Comment:
Order filled from 6666, stops were taken from both sides, i believe we go down now.
Comment:
stop at 530 for 30% of position, but i doubt it will hit
Trade closed: stop reached:
stop triggered at 6530.
Im short from 6610. I have 2 stop losses, 30 and 70 % of my position at 6702 and at 6823. Have additional sell orders at 6666 and 6687.
First target at 450, where I will change my stop loss to 6510 and will wait for 6250 level to start closing my position.
Best scenario - fully closed at 6120.
Second best - 6250.
And kinda the worst scenario is where this all just turns into a scalp position and we pump hard from 6450.