Bitcoin short round #2

Bounce potentially over. Weekly with enough room to go down.
Time for some profit collection from bitcoin whales.
Entry: 2700
SL: 2850
Target: 2300-2000 area

Commento:

I think is going to test the bo level around 2730. placed some sell orders there.

Commento:

Got filled at 2730 too. Holding a pretty large short.
Now started moving, let's see if we can have enough bear strenght to go down to our targets.

Commento:

Btw, i want to share with you fellow bears this crazy idea
 

Commento:

Target 1 was reached today. Expecting target 2 to happen by the weekend

Commento:

Bounce shouldn't go much higher.
2630 tops in my opinion. Anything above that would put in danger the move down.

Commento:

The current level (2540-2560) is a concurrence of 3 retracement levels.
50% retracement of this wave down from 2790 to 2290.
38.2% retracement of the correction since the last week low at 2120 to the last high at 2790
50% retracement of the move down from 2975 down 2120
We also have 200 4h SMA resistance and horizontal resistance.
We'll see what happens here.

Commento:

Commento:

Heading down again. This is a key level, breaking down would guarantee target 2 (2050's)

Commento:

we bounced and broke the trendline, now retesting.
key moments again for btcusd

Commento:

Commento:

Are you guys ready?
Target 2 incoming :P

Commento:

Potentially bouncing here to retest broken trendline. That would provide us a safe place to add/open shorts.

Trade chiuso: obiettivo raggiunto:

And target 2 reached!!
20.5% net profit before leverage, crazy profites after leverage :D
hope you guys enjoyedit.
Now time for a small bounce before next short.

Commento:

Dump seems now over. We missed a 10% extra move down to ~1840 support.