RE: Short Bitcoin $10,100 - Short term target $7500 - Stop $11000
The markets are manipulated all too often your right, but i have risk management in place. This trade is still a set and forget for me. My stop is at $11,000 and my target is $7500 and I will let this play out. 2:1 R:R.
I come from a day trading background I'm used to rapid in's and out's and I'm also used to 2-3-4 day long swing trades and that is what I expect this trade to be.
As i say, yeh manipulation is everywhere, but if i spent my life watching and waiting for a fundamental release on a stock wondering how it will move, instead of just trading the Technical's with good Risk management id never open a trade!
Its the same with crypto's i can sit by knowing the market could be manipulated against me at any time and wonder what way it will go, or I can do what I do best; read the charts, make the trade, put my risk management in place and let the market do its thing :)
Its actually $500 in profit right now. I have an order to close out 50% of my position at $9000 and the rest at $7500.