Rising price has now reached the 61.8% Fibonacci retracement of the 03-APR to 06-APR decline.
In addition, price appears to be creating negative divergence with declining RSI on the hourly.
Was expecting a run-up towards +7500; however, weakening technicals are suggesting the rally is losing momentum.
The following additional short position has been ordered:
BTCUSD (BITFINEX)
OPEN: 7100
CLOSE: 4257 (& open-ended, 1000?)
STOP: 7510
RISK: 5.8%
REWARD: 40%
Stop-loss of previous short position adjusted as follows:
Stop-loss of other short positions adjusted as follows to zero risk trades:
In addition, price appears to be creating negative divergence with declining RSI on the hourly.
Was expecting a run-up towards +7500; however, weakening technicals are suggesting the rally is losing momentum.
The following additional short position has been ordered:
BTCUSD (BITFINEX)
OPEN: 7100
CLOSE: 4257 (& open-ended, 1000?)
STOP: 7510
RISK: 5.8%
REWARD: 40%
Stop-loss of previous short position adjusted as follows:
BTCUSD (BITFINEX)
OPEN: 7400
CLOSE: 4257 (& open-ended, 1000 ?)
STOP:7801 7510
RISK:9% 1.5%
REWARD: 42%
OPEN: 7400
CLOSE: 4257 (& open-ended, 1000 ?)
STOP:
RISK:
REWARD: 42%
Stop-loss of other short positions adjusted as follows to zero risk trades:
BTC/USD (BITFINEX)
OPEN: 10900
CLOSE: 4257 (& open-ended, 1000?)
STOP:11788 9200
RISK:8.15% 0%
REWARD: 60%
OPEN: 10900
CLOSE: 4257 (& open-ended, 1000?)
STOP:
RISK:
REWARD: 60%
BTC/USD (BITFINEX)
OPEN: 11253
CLOSE: 4257 (& open-ended, 1000?)
STOP:11788 9200
RISK:4.75% 0%
REWARD: 62%
OPEN: 11253
CLOSE: 4257 (& open-ended, 1000?)
STOP:
RISK:
REWARD: 62%
BTC/USD (BITFINEX)
OPEN: 9335
CLOSE: 4257 (& open-ended, 1000?)
STOP:9990 9200
RISK:6% 0%
REWARD: 55%
OPEN: 9335
CLOSE: 4257 (& open-ended, 1000?)
STOP:
RISK:
REWARD: 55%