BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
I believe we will eventually break downwards from this huge descending triangle and form a falling wedge , but in the meantime I am shorting BTC again as price looks unwilling to even approach the upper trend line (solid gray on chart).

Entry Price: $6,305.
Target Price: $6,025.
Initial stop was $6,450 but has now been tightened to $6,325.
I'm going with high leverage on this trade, so will look to move stop to entry ASAP .
Comment: Took profit at $6,200. Looking to reopen short position higher.

68.4% profit realised on this trade so far.
Comment: Opened a small short position at $6,194 in case we don't recover back above $6,200.
Comment: Abandoning trade early due to a conflict with my trading rules. Will take some time and come back.
Comment: I stand by my decision to leave this trade early - my judgement was impaired and I was thinking emotionally. Congrats to anyone that took this trade and stayed put. Huge.
Comment: "I believe we will eventually break downwards from this huge descending triangle"

Didn't expect this so soon, but we have broken downwards as anticipated.


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