UnknownUnicorn2934042

LTF considerations: Locking in profits with a hedge long

BITMEX:XBTUSD.P   Bitcoin
So I did pretty well yesterday riding the short down, taking some profits, adding on and taking profits again. 23% Gain on total balance for the day.

This little bounce early this morning and the bounce off the 0.382 retrace has me thinking we could get a little relief here in the short term, so I moved my stop on the short into profit, and opened a hedge long of December futures.

I figure I can get a better short entry up around the top of this monthly block confluent with a 0.62 retrace from the drop(if we see a rejection from it which seems probable IMO). We still have a big liquidity draw to the downside, and this way, whichever way it goes I've got orders set to benefit from it.
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