BTCUSD: Possible scenarios for the bear market

Updated

I think it's now fully confirmed that a bear market started, as per the long term signals in 's 2 month timeframe chart. I draw a couple possible scenarios, overall what matters is the general idea, not the specific path. We will trade each swing, with our remaining exposure to crypto, which is now reduced to 25% of net worth max, to let it grow from there once again.

Cheers,

Ivan Labrie.

Note

We covered our shorts, cost basis on chart, was a 20% position we had.
Bought back spot holdings...
Potential upside targets for if we do get a trend signal

Note

Speculating on a way for price to act here at support... chart

I added at 7846 eur.

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Holding above the last CTFC meeting level is constructive here...Last day of the recent decline today...

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I sold margin and spot longs here to be safe. We could short if we break below yesterday's or today's low, the daily uptrend could be a failure and this price pattern here be more of a sideways non-trend/triangle

We can reenter if breaking up...

Note

Went short:

Entry 11344

Note

9150 eur

Trade closed manually

Short covered, still in cash.

Note

could turn bullish once more here, we wait and see

Note

We can get a buy signal here within 25 minutes, tight stop... chart

If we do break over 10150, things will look great for bulls again.

Trade active

'[18:00, 3/7/2018] Let's buy our spot back here, if we break lower, we will hedge or go back to cash

7901.2 EUR / 9765.2 USD
[18:12, 3/7/2018]: We bought back at our old long cost basis, except now we have 17% more roughly

Note

This could be how things pan out, if we do move higher from here in

Trade closed manually

Took a small loss, but will reenter long when safe...or simply short if we get an entry. In cash for now. Lost 1.1%.

IvanLabrie

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BTCUSD: Buckle up, bear market started.

by IvanLabrie

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