Satoshi_

Short trade

BITMEX:XBTUSD.P   Bitcoin
Scalped a small long from 9300 midweek and am now short from 9850 area. Invalidated if we cross red line(see chart) and close on HTF and will look to long from there as far as 11700 where I will short again heavily. If the short plays out I will be looking to cut it around a successful retest of 5800 where I will look for long entries - failing this, I won't expect to see Bitcoin in the high to mid 1000s again for a number of months. Bias for now has to be short. As I said, invalidated at red and will look to long if price shows me what I need. Good luck.

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