BTC Short setup.
As per my previous post, sort opened at 9700 targeting 8800. Liquidity appears to be in this area and bulls don't seem very interested in this dip just yet. SPX and DOW futures have had another negative day and the open of the US markets will probably have further selling. BTC has been extremely correlated with the stock market and it shouldn't be ignored.
Closing 30% of my short at 8800 for a bounce, where I will enter with again and addition to the position once/if there's a bounce to around 9200-9300. Stop loss is at 9560 to close at a profit.
Closing 30% of my short at 8800 for a bounce, where I will enter with again and addition to the position once/if there's a bounce to around 9200-9300. Stop loss is at 9560 to close at a profit.
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