I have sold my long term position on bitcoin today near to the top (see short start).
Despite the "free money", I don't plan on being lining up in the slaughterhouse as a pig. Most of us are in quadruple digit gains, and I plan to keep it that way.
I will keep my profit and let the market test the hands of the new players that have entered the market above the $5K levels.
Remember, we're dealing with all time highs here so we can't know for sure if we have topped. But for those who trade TD Sequential, the 4H and 1D were perfect sell signals which I had been fortunate enough to exit in time for.
I have not included the TD sequential on this chart because it looks like a mess. But load it up yourself.
Also, this simulates an Elliot wave, so corrective waves can be bound at any moment of the day.
Textbook DOGI on the daily chart which is a reversal candlestick. But we could be in an intraday fakeout today and potentially go higher. But I am not convinced we are going higher, but rather, going lower.
Other than that, I will wait for the market to provide us a direction of where we're heading post-fork.
Despite the "free money", I don't plan on being lining up in the slaughterhouse as a pig. Most of us are in quadruple digit gains, and I plan to keep it that way.
I will keep my profit and let the market test the hands of the new players that have entered the market above the $5K levels.
Remember, we're dealing with all time highs here so we can't know for sure if we have topped. But for those who trade TD Sequential, the 4H and 1D were perfect sell signals which I had been fortunate enough to exit in time for.
I have not included the TD sequential on this chart because it looks like a mess. But load it up yourself.
Also, this simulates an Elliot wave, so corrective waves can be bound at any moment of the day.
Textbook DOGI on the daily chart which is a reversal candlestick. But we could be in an intraday fakeout today and potentially go higher. But I am not convinced we are going higher, but rather, going lower.
Other than that, I will wait for the market to provide us a direction of where we're heading post-fork.
Trade active
Note
Decided to trade this pendant that broke out. Looking for target of 4600 to take us higher potentially to 4.8k.Note
didnt really make much, admittedly fomo'd and lost majority of the profit. enough for some bread! rising wedge discoveredTrade closed manually
2X stopped, entered immediately.Trade active
Back from trading alts for a quickie.I'm believing this is bearish and will stick to my original plan.
There is no catalyst. It would be only exponential growth now.
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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.
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.