Holding my short down through giant BTC bear flag

2022년 8월 29일

Yesterday I opened a short on BTC at 19950. Right now it looks like we are waterfalling down from the giant bear flag that was last month. I've placed a stop loss around 22k, and planning to hold until the upper 18k area; then I'll reassess the situation and see if I should take profit or potentially add to the short.
This idea is more of a swing trade for a couple days; it's not meant as a short term trade, and I'd recommend having a wide stop loss and smaller position size. Because of Powell's speech Friday the general sentiment is bearish; stocks have dropped significantly over the weekend as well.