In the short term, I feel BTC may make another move up before the rate decision. You could try a short-term long at 80,500, with a take-profit at 82,500 and a stop-loss at 79,000. I recommend keeping the position small.
As for the short we took on October 8 after the breakdown—a right-side trade—we shorted at 81,500 and have finally taken profit on 70% at 79,500. Tomorrow, we’ll see whether we can add to this position at 83,000.
Over the next few days, I’ll review this trade and reflect on it in depth. There were some major problems with how I handled it 😭
As for the short we took on October 8 after the breakdown—a right-side trade—we shorted at 81,500 and have finally taken profit on 70% at 79,500. Tomorrow, we’ll see whether we can add to this position at 83,000.
Over the next few days, I’ll review this trade and reflect on it in depth. There were some major problems with how I handled it 😭
