BTC short for next week

2020年4月26日

Although in general I would ignore weekend PA, but any failure for BTC to close above 7800 today, it would result in a double top. This allows me a rule to attempt a short. I expect price to try and attempt 7800 again today, so here are the specs:

Entry: 7750
Taret: 7525
Stop-loss: 7900
R:R: 2.5

Its a trade against the trend, but I think worthwhile. Besides, I have CALL options for 8000, so I am willing and well positioned to take this risk.

Manage your own risk, and assume your own responsibility for the trade.

This is not a financial advice.

2020年4月26日

交易進行

Got in early at 7725

2020年4月27日

交易進行

Overnight fills at 7750 and 7800 also done. So, now I am very well into the trade with 7750 as entry. Moved my stop-loss to 7800, thus making my dynamic R:R 4:1

my take-profits will be:
10% at 6650
15% at 6600
25% at 6575
25% at 6525
Rest 25% will be left to go on, with stop-loss moved to break even.

2020年4月27日

交易進行

10% position closed at 6650

2020年4月29日

交易結束：達到停損點

Loss of 0.9R