Bitcoin - Looking for a double top around $12K or less

ビットコイン／米ドル (COINBASE:BTCUSD)

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COINBASE:BTCUSD ビットコイン／米ドル

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I'm not convinced we will break $12K. This move looks corrective rather than impulsive. If I were long, which I am not, I'd make sure I have a stop to protect my profits. If this move fails and turns south the next target is around $10K or a bit lower. We won't know for sure until we get there... It's time to shit or get of the pot sort of speak.

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I'm playing the bounce long and still looking for another test of the $12K area before going lower again. 12.0, 12.2. 12.5 something like that. Move up stops along the way and I'm sure there will be those who short the mess out of it if we hit above 12K

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I'm out. I took the money and ran. I'm not convinced we have the momentum to make it back to 12K right now so I'm sitting on the bench for now. When I'm not that sure I go to the sidelines and watch. Ultimately we are going lower IMO so whether I can scalp any more to the upside right now is just not that important to me in the grand scheme of things. I want to start accumulating again at lower prices getting ready for the next run up.

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Put on another small long based on this flag. If it breaks the top I ride it. If it breaks the bottom I'm out.

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So far so good on the 1 minute....

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The Coinbase trading platform sucks ass. It blew right past my stop without a fill. Had to finally to a market order that costs way too much and missed my exit price. I still made a profit on the trade but not what I could have. I think I'm done for the evening.