Resistance is heavy, we already did a push. Very good chance we will break down from here. I expect a final push up to 7800-7850. Before heading down to 6.8k-7k range where I think heavy buying will occur. This gives us a good oppertunity to short with a tight stop loss. Taking some profit at 7k is adviced.
Going long at 6.8k is part of the plan aswell, but we'll cross that bridge once we get there. Good luck!
Going long at 6.8k is part of the plan aswell, but we'll cross that bridge once we get there. Good luck!
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Breaking a little higher than anticipated. However divergence on RSI and MACD are undeniable.Added a small short at 8k
Trade closed manually
Alts showing some signs of life. interestingly. Closing my short at break even for now I don't feel confident. Have to re-evaluate.Trade active
Very good action by bulls. I think we will have a very good future for btc if they keep it up. But ofcourse, nothing goes up forever. Price targets.Took a small short at 8320 will add towarts 8500
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As I said in my update, 8500 was a potential top.Will drop atleast to 7500 from here, you can go small here. A good buy zone to go heavy will be at 7k-6.8k.
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I compated my shitty elliot wave counting to the tradedevils count... we might find support earlier than I thought. There is a chance we might not hit those buy levels I gave earlier yet.So, by basically copying their count, since they do it 100x better than me. I will take 50% profit at 8k and leave the rest for 7850-7663 and consider switching long.
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Link to the tradedevil video:youtu.be/vd_lNkTEWXA
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Closing my shorts at these levels aswell as going long
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You can find more Technical Analysis and shared positions in our community, if you’re interested in hearing our experiences and learning more about our indicators along with the risk management we apply, feel free to join here: discord.gg/CsB9JtU
Related publications
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.