Weekly close looks very ugly and points to a trend reversal.
We might revisit 6k range in the coming weeks/months.
We might and we might not, lol.
Im more on the bearish side right now.
65% going to 6k vs 35% going to 9k.
Im looking for a short entry here.
You still bearish, criptix?
Do you still assign a 65% chance that we will reach $6k before $9k? or have your odds changed?
Did you enter a short, and if so was there a stoploss that got triggered? Should be running tight stop losses, no? Any margin trading "experts" want to chime in, here?
Stop loss not triggered yet, but was close. :S
8200 would be the turning point for me.
Right now im still letting my short open, but if we hold here i might just take the loss and close the position.
Will see what happens.
Regarding tight stops, it really depends you your leverage.
In this choppy market high leverage is suicide, i would not advise to use more then 3x, you also can hedge with a 1x short just in case.