All of our wave indicators are still flashing negative. We took a small profit on our last short term trade and now we are going for 6 in a row ;)
Our short entry was at 9200 with a target of 8200-8500. Once again though since we are so close to the 200 EMA we will keep a close eye. If it breaks the 200 EMA, we will use it as a natural stop.
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As I wrote last night because we are hovering around the 200 Daily EMA we kept a tighter stop then usual. After it broke through the EMA BTC went down to 8450, we lowered our stop to protect profits. Once there was a new higher wave, lowered our stop loss just above the wave and then got kicked out at 8750 with a 5% profit.
We are not taking any long positions at the this time and will wait for anther short opportunity.