BTC SHORT BUILDING- TURN IS ALMOST HERE-BITMEX

Sep 15, 2018

IM STILL NET SHORT FROM 7321 ALSO STILL HAVE MY HEDGE ON FROM 6173 BUT WILL ADD TO MY NET SHORT IN THIS RANGE AS MARKET INTERIM STRUCTURE IS TURNING BEARISH FROM THIS SMALL CORRECTION. AS USUAL I BUILD INTO MY TRADES SO IM OK WITH THIS ONE RUNNING AGAINST ME AS I BUILD.

I AM STILL WAITING FOR THE HEAVYMONEY SHORT POSITION TO UNWIND

I WILL ADD 3 MORE POSITIONS AT 20X BUT IF YOURE NOT IN THIS TRADE FROM ABOVE THEN START THESE AT 10X:

1: 6550
2: 6680
3: 6840

TARGETS ARE ON THE CHART AND IF WE GAIN MOMENTUM I WILL UPDATE AS WE GO LOWER.

AS ALWAYS THIS ISNT FINANCIAL ADVICE, JUST ME KEEPING A RECORD MY WINNERS AND LOSERS FOR MYSELF.
STAY ALERT AND UNDERLEVERAGE

Sep 16, 2018

Trade closed: target reached

TARGET 1 WAS REACHED BUT LOOKS MORE LIKE A SHAKE OUT MOVE THAN A REAL DOWNSIDE MOVE. VOLUME NEEDS TO BE HIGHER ON THE SELL SIDE

SO THIS MAY NOT BE THE TURN YET.

BUT WATCH IT CLOSE.

Sep 16, 2018

Trade active

looking at the zone here (thin red) you can see the buyer demand here and the support where traders were putting their stops or traders had their liquidations under and the market makers saw all that money under there and went for it and was an easy grab on low weekend volume. I thought sellside volume was weak and now we know why.