As I said in the last idea, I went short on Bitcoin but this time not a regular position. I did set up a short grid, top 32k, bottom 20k, and entered at 30k because I guessed that the short-term momentum would cause a lot of ups and downs in this zone.
So far it's been doing very well (~30% profit) but what I expected was much lower as drawn on the chart. And after a month, I'm thinking about whether I'm wrong with the main idea of another leg down. Bitcoin is holding unexpectedly strong during so much bad news. Is it going to continue up or down?!
Open to hearing your ideas.
Many thanks.
So far it's been doing very well (~30% profit) but what I expected was much lower as drawn on the chart. And after a month, I'm thinking about whether I'm wrong with the main idea of another leg down. Bitcoin is holding unexpectedly strong during so much bad news. Is it going to continue up or down?!
Open to hearing your ideas.
Many thanks.
