Short trading of double top formations in a long term bull market can be dangerous. You see, according to “some technical rules” the price of BTCUSD should have fallen down below the $500. That haven’t manifested yet and after a pretty strong correction of the double top sell off the price has been consolidating in the last few days. My personal bias right now equals 0 that means trading lightly. Let the market decide that’s what a trader always should do. Yes, I’m pointing to my short position at $840 that I was forced to close in quite a big loss because expected sell off hadn’t happened. And this only happens when one doesn’t respect own system and has some expectations of a price movement. Trade what you see not what you think.
Sell: 803 Stoploss: 870 Take Profit: 755; 666
Buy: 870 SL: 800 TP: 895; 915; 975