Short triangle play on BTC



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Short triangle play on BTC

Two scenarios - 1) bearish triangle - break to 8350, then another leg up above 8600
2) bullish triangle (more likely) - break upwards to 8680, then big correction
On bitmex, most people are longing now, I expect bigger correction soon.
Jan 14
Trade active: Triangl broke upwards, it went above previous swing high, now I expect big correction . STOP LOSS - 8635 , TAKE PROFIT - 8000 - 7800.
Jan 14
Comment: Stop loss hited, but I am still in short position and I am convinced that big drop is near.
Jan 14
Comment: Amount of longs on bitmex are going down = whales will probably push the price even higher. I am out of short with loss and took long from 8700. This is what happened if someone goes against the trend, well mistake accepted ;)
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