Breaking Channels

Messy chart but gets the job done. I'm watching & preparing for an opportunity to short BTC at or slightly above $7.3k.

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Update: Opened short position with an average entry price of $7,295.

Exchange: Bitmex
Product: XBTUSD Perpetual Swap
Margin: 5x
Liquidation price: $9k

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Update: Closed 25% of short position below $7,950. >24% profit realised on that portion of my position.

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Edit: *Below $6,950.

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Update: Closed a further 12.5% of initial short position below $6900. ~30% profit realised on that portion of my position.

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Update: Closed a further 12.5% of initial short position at $6,800. ~35% profit realised on that portion of my position.

50% of initial short position remaining.

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Update: Closed a further 12.5% of initial short position below $6,700. ~45% profit realised on that portion of my position.

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Closed remaining 37.5% of short position between $6,250 and $6,500.

100% of short position now closed. Update with final realised profit will follow.