Not the best timing, but I have BTC/USD short open from $4041. Target is low $3000's.
Where have you placed the stop loss?
I adjust it based on market movement. Since we've made $3880, SL is now at $4201.
If price goes above $4100 again, based on market movement I suggest you adjust it at low $5000's.
I covered at $3840. Re-shorting this pop here. I don't hold my trades very long.
You must be crazy to short this market. I have seen countless of people blow up their accounts.
Shorting on margin is suicide, he is probably playing with a few hundred or thousand and will panic buy back at a loss of btc.
Seems clever to me.
We all waited for this correction, here it is.
Why not profit from it ?
On another subject, now I hope BTC will stay above 4k so I can go snooze a little.