Well the rally of the past week went just far enough to stop me out of my short position at breakeven before turning down again. The pattern now forming shows a failed breakout to the […]
Well…so far my position is playing out nicely. We have been able to execute the planned trades detailed here and entered our short position at an average of 2575. The short term objective at 2350 […]
The $3000 Price Mark… On Sunday, June 12, 2017, the Bitcoin price reached $3,012.05, as reported by CoinDesk. It is a new record that showcases the rapid growth that Bitcoin has seen lately. Asian markets, […]
As I write this article bitcoin is trading at 2665 basis First Global Credit and from the chart I’m seeing warning signs that we may be heading for a significant decline ahead. We’ve all benefitted […]
OK, time to throw in the towel on my short position. The market has held up during the recent collapse in risk assets (I don’t believe the argument that money will flow into Bitcoin as […]
OK, last night I entered the final leg of my position, selling another 6 bitcoins at 372. I now have a full position of -19 BTC (against my 10 BTC collateral so, in reality, -9BTC) […]
Today we have added to our short position in BTC, sold another 6 at 382.80…the market broke down from its consolidation pattern last night, falling from 395 down to 375 before recovering to a little […]
Ouch – well so much for the short term rally. Note to self, don’t try and catch short term squeeze trades. So I closed out my long last night at 381 and have established a […]
OK, I’m satisfied that there are still too many speculative short positions in this market so I’ve taken a tentative long 7 BTC position at a price of 414.00. Likely to be short term in […]
Well…so much for $320 🙂 I covered my position at an average of approx $420 so about a $7 profit from the sale price. I’m now weighing up how short this move has left the […]
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