As you all know I'm in a big short position. I was worried the other day about going to work and coming back with all my profits gone. Now the fact is that I have gone to work two days and I'm worrying less. The 1 hour chart says it best, confirming my bias and near my targets. Let's take a look....
https://www.tradingview.com/x/kxpABogg/
Two days ago I had a comment from a random Steemit user saying we will soon go above 10k and then 16k.
You got a chart bro @lass3? Why do you think that? Specifically in October? We will see. I Love other opinions, as a trader you don't ever want to think you are right all the time. However you can't make trading decisions based on beliefs. Right in his/her comment is where it seems he/she gets this from. "I believe we will be around $16k in October." I came back at him/her with what I see as good reasons we won't go up to that price, at least not right away. I was bullish and even would had agree to his/her price, recently I have become more bearish. The only reason I bring this up is to share why we are possibly headed downwards. No hard feelings to
@lass3, just trying to find price ranges without feelings, that makes the best trader. So let's look at the chart to see why I think we are headed down.
https://www.tradingview.com/x/6AeKxWS5/
So bias is now bearish, until the downward trend-line breaks. Happy I'm still in my short! I'll be back if anything big happens!!! This is not financial advice! This is more of my trading journal than anything! Good luck and Good day!