Very simple, noone seems to want to pay for above 2.9k Bitcoin , 3k keeps getting rejected.
This is a low risk high reward trade, keep stop around ATH if it breaks with volume .
I will be keeping an eye on fundamentals since this can change the whole picture, but I believe we'll see prices of at least $2000 before we can attempt to crush 3k.
This is a low risk high reward trade, keep stop around ATH if it breaks with volume .
I will be keeping an eye on fundamentals since this can change the whole picture, but I believe we'll see prices of at least $2000 before we can attempt to crush 3k.
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Happy profit bears ;) !
@bingbongfly, XD You said "This is a low risk high reward trade, keep stop around <<<<<ATH 0.66%>>>> if it breaks with volume"
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@MindCreeper, Yes. So I'll either be wrong and take a loss on a $200 move or I'll be right and take a profit on a $800 move. That's how I view it, low risk high reward. I'm learning.
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@MindCreeper, Ah, well I mean All Time High. It just autofilled into Athene :)
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But I'll keep at least 50% of my short, expecting at least $2300 to hit in the coming days.