[May 01, 2019] Position - BTC/USD
Position
| Item | Description |
|---|---|
| Position | Short @ 4063, 5153 (GoMarkets) |
| Status | Filled |
| Timeline | T2 |
| Confidence of the trade | 55% |
| Initial Target | 48xx-49xx, 40xx (110MA) |
Technical Analysis
Friday's huge candle down under 220MA, 16MA shows that it's not all bulls game (yet?), and price action is staying under both MAs for now. Next few days should be sideways action until another leg down. From there it is still unknown which way it'll go, depending on how we get there would determine whether or not we want to take profit of the 5153 position.
Disclaimer
While we believe in collaboration and working towards a common goal as good thing, it has in the past affected the way we trade so to keep this as consistent and drama free, we will not be replying to comments most of the time to keep this approach as streamlined as possible. You'll certainly see us making comments and upvoting other amazing posts though!
