botje11

Short on Bitcoin, for a short term trade

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BITFINEX:BTCUSD   Bitcoin
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
Komen:

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

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
Komen:
I have added at 11660
Komen:

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

seems to be turning up, it was taking to long!! I am closing above 1580, at least 60 points profit
Komen:
Iam back in at 11.690
Komen:
I will add around 11.800, with a stop around 12K
Komen:
I have added at 11.795
Komen:
I think it will go to around 11.950, i will add there again, with a stop around 12.100
Komen:

Above the blue line around 11.870 i will probably close my positions for almost even money. It keeps showing support on certain levels
Komen:
I am out at 11780
Komen:

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

This is where it should stay under to stay negative
Komen:
I am out again at 11600, only 80 points, but again i am having doubts :)
Komen:
Komen:
I am back in at 11660

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