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.
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.
Commento:
Opened a small short position at $6,194 in case we don't recover back above $6,200.
Commento:
Abandoning trade early due to a conflict with my trading rules. Will take some time and come back.
Commento:
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.
Commento:
"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.
Didn't expect this so soon, but we have broken downwards as anticipated.
68.4% profit realised on this trade so far.