Sunday Short......

[jrb450]

Hahahaha.....couldn't resist 😈

I took a short on Bitcoin based on the supposition that price will continue to drop based on the longer term daily chart.

Price has retraced back into a 4 hr support and will most likely drop from here to the next support line.

Not gonna lie, the upside down head and shoulder pattern has me a little worried so my initial trade is only 1% of capital andci have a fairly tight stop where I only lose $20 if I'm wrong on the trade idea. This is a risk I'm willing to take.

Comments

[raserrano]

Got to love those short shorts, but in this case I bet you want the short to be as long and keeps going down as much as possible. Nice click bait :P lol

[jrb450]

Haha...was testing my theory that a spiced up post gets more reads.Trade ended up successful- got out as planned before big move up :)

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[raserrano]

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[raserrano]

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