Short

Bitcoin drop then pop?

Updated

#Bitcoin at resistance again and H1 sell volume spiking. H4 tweezer top potential as well. Short opp until resistance breaks. Play this back to bottom of broadening wedge.

Broadening wedge previously broke to the upside. Will it need a drop before it pops past resistance? Time will tell. For now, short looks like the play.

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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals

Please note:

- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!

Note

caught a nice scalp on that drop. Still in for more pain most likely. Biden about to ban Russia oil..

Trade closed manually

closed out for profit after the initial drop. Trade set up in place still until H4 close above resistance.

Note

jumped back in another short after ugly upthrust and close on H1

DaCryptologist

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