Consolidation time before entering capitulation phase

12 thg 8, 2018

Consolidation time before entering capitulation phase

12 thg 8, 2018

Ghi chú

There is enough short positions right now for a short squeeze.

Assuming the H&S pattern is confirmed (see below in blue) we could go up to 7,950$ but to reach that level BTC will have to go through the big resistance at 6,800$.

I'm not confident enough to activate a trade now but will probably short BTC once it topped 7k$ or 7,800$ if the resistance is too strong.

13 thg 8, 2018

Ghi chú

13 thg 8, 2018

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Shorted at 6,500$. Stop Loss now placed just below the price of the entry.
Objective: to maximize profit.

14 thg 8, 2018

Ghi chú

BTC @ 6045$ I closed my short position. Will reopen one later in better conditions.

Everybody is bearish, even CNBC but volumes are decreasing and BTC is not dramatically falling. Who is left for selling?

Will we have a short squeeze now?

14 thg 8, 2018

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15 thg 8, 2018

Ghi chú

BTC is once again rejected at EMA 50 (4h).

Will we have a short squeeze or will it fall below 6k again?

I just opened a short position with a tight stop loss.

We'll see what comes next.

15 thg 8, 2018

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