[Apr 19, 2019] Position - BTC/USD
Position
| Item | Description |
|---|---|
| Position | Short @ 4063, 5153 (GoMarkets) |
| Status | Filled |
| Timeline | T2 |
| Confidence of the trade | 55% |
| Initial Target | 45xx, 40xx (rising 16MA |
Technical Analysis
Sideway actions is not favorable to bears, multiple tests of 220MA and fast approaching 16MA might turn the resistance brittle soon giving way to more upside. While I don't think this wave from 4000 will go straight to 6000 (in a bull case scenario) without a significant retracement to provide some spring to bounce, it's still a possible scenario.
Some hedge positions are being considered to avoid some mid term bull attacks.
Disclaimer
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