BTC spike target of 55K.
Diupdate
I stopped trying to fade the BTC rally a while ago. It was like chewing bricks and I also have had other things to be dealing with IRL over the last month.
But I am starting to fancy the odds of a swing short again. I think we probably have another leg up first.
Would love to come in as a short somewhere around 55K with a target somewhere around 10K, though.
I still think we're in a corrective leg in a net downtrend. As such, I'd love to short near the 76 retracement.
But I am starting to fancy the odds of a swing short again. I think we probably have another leg up first.
Would love to come in as a short somewhere around 55K with a target somewhere around 10K, though.
I still think we're in a corrective leg in a net downtrend. As such, I'd love to short near the 76 retracement.
Komentar
Half stop to even and half stop trailed to 42,400. Covers all my losses from the mistimed shorts. Either make some money or breakeven on the round trip from here.
Komentar
Out the longs 45,350.Komentar
Filled short limits into the spike.Komentar
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This might have been the last little stop run. Have more shorts on now with stops above hourly highs.
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If BTC turns off the 76 it can be a real rug pull event. This would be a very good time to be trailing stops if long.
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