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Short on Bitcoin, for a short term trade

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It seems to be making an rising wedge, it dit get above the recistence 11.500, but could not really push higher. If it drops below 11.400 that would be the first confirmation for a short term drop to at least 11.00 but normally to around 10.700/10.800

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Selling volume has to increase if it breaks out downwards, otherwise it could easily get turned up again

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The selloffs are getting bigger, faster, extremer , wich confirms the desperation, fear and uncertainty in these markets. Thats why these markets are very risky, but if your seeing the script the right way, can also be highly profitable. But it's impossible to see every move the right way. So know when you are making a short trade, or trades for a 1000+ points. And now when to use wich percentage of your trading balance for each trade

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I am going short now, at 11575. Ideally it should stay below the red area!! Than the outbreak above 11.600 could be considderd a false (weak attempt) to get higher

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I have added at 11660

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Now it has to drop under it again, otherwise it would be a false move on this side :)

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seems to be turning up, it was taking to long!! I am closing above 1580, at least 60 points profit

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Iam back in at 11.690

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I will add around 11.800, with a stop around 12K

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I have added at 11.795

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I think it will go to around 11.950, i will add there again, with a stop around 12.100

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Above the blue line around 11.870 i will probably close my positions for almost even money. It keeps showing support on certain levels

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I am out at 11780

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It's not really getting bought with volume, but my biggest doubt is, it is not getting sold were it should be. Getting to risky now, so i have ensured some profit. Waiting for new signals to act. I am not turning long because it could turn either way any minute. WIll probably wait untill it get's near the 12.000 again

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I am short again at 11680, It should stay below 11.750

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tradingview.com/x/VT5lx70s/,

This is where it should stay under to stay negative

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I am out again at 11600, only 80 points, but again i am having doubts :)

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I am back in at 11660

botje11

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