Please, only short-term trade ⏱️ with very tight stop losses!
Threat is to the downside. 👇👇👇
This is a countertrend trade.
🚨 For experts only! 🚨
Threat is to the downside. 👇👇👇
This is a countertrend trade.
🚨 For experts only! 🚨
Note
Exit position in less than 11 hours or if Stop Loss gets taken out.Note
Correction: Bottom of Trading Range was actually $6028... the drop below Bottom of Range was the Shakeout.Note
Macro view... possible last-minute support on 200 Weekly EMA.Note
Spring in process... Now, consolidating under Last Point of Support!Note
Debating on whether I want to take profits on short-term trade...Looks like Bitcoin is still in process of "Sign of Strength" phase.
Decided to just Trail Stop Loss below "Last Point of Support."
Trade is in Profit.
I need to go to bed 😴😴😴
As a trader you DO NOT GET PAID FOR YOUR TIME. You get paid to make the right decisions! ✌️
Note
Woke up this morning to see price above Trading Range! This confirms "Sign of Strength." Moved my Stop Loss to 50% of Trading Range (below $6,170).Trade closed manually
You never lose money by Taking Profit... 👌 Just looks "toppy" at the moment with Strong Bearish Divergence. WIll reassess if it breaks above resistance. 🚨 Threat is to the downside. 🚨
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.