You open a position and see this candle, what's your first thought?

in bitcoin •  7 years ago 

Doubled down on the bitcoin short at 10.4K for a small high-leverage scalp down to the bottom of the channel at around 10.1K

You open a position and see this candle, what's your first thought?
image.png

Got em in under an hour. High-leverage position closed, first position will stay open until I see bull.

This seems like one of those 'obvious' spots that bitcoin market-makers like to punish. They're not really going to hand us a free $600 move, are they?
My head says long but my gut says to sit one out. Currently undecided, watching.

bitcoin btc crypto busy
7 years ago by

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      ·  7 years ago 

    Great post thanks for sharing :)

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