Bitcoin inverse chart, no bias, i think it can "moon"

Jul 7, 2018

Pretty much self explanatory.

Jul 7, 2018

Note

That 6600 to 6750 zone for me is a great short opportunity. It can go all the way to sub 6k from there and risk/reward pretty high, since bitcoin only need to test 6900 with high volume and close above to break that support .

Jul 8, 2018

Note

Time for bitcoin to decide what comes first 5500 or 7100. Im short from 6770

Jul 9, 2018

Note

Still holding that short, if we break 6600 again we could potentially retest 6350, which is a nice first target to take profit. Stop loss still at 6900.

Jul 10, 2018

Note

So i BELIEVE we broke 6600 , now we are at break even for a lot of longs. I will consider moving my stop to profit IF bitfinex shorts will increase AFTER we move down to 6500, since they supposedly closed their positions from 6800 to 6600.

Jul 10, 2018

Trade active

Jul 10, 2018

Note

Nice

Jul 10, 2018

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Very nice

Jul 10, 2018

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So no movement for quite some time, im still holding that short (1/3 sold at 6350).
Mainly aiming for the last move down to 6250 which will probably happen very soon, like in 2-3 hours from now. We might bounce from 6350 to 6470 level but that doesnt seem like a logical thing that bitcoin would do (talking about logic in bitcoin, the irony).
If you followed and want to exit - now is a nice area, you can short bounce if it happens, if not - you will be just hedged which is nice too.

Jul 10, 2018

Note

Well now we are here, 3 hours later, didnt touch exactly 6250 (which is sad) but now 6350 should flip to resistance.
Sold another 1/3 and now im pretty much just hedged

Jul 11, 2018

Trade closed: target reached