Previous fractal failed. Short to 10,500 then swap to longs.
Approximate path 10,500 > 11,800 > 11,200 > 12,500 then down.
Marked as short for the first leg down. Will then re-do if this plays out.
My average entry for short = 11,377.
Approximate path 10,500 > 11,800 > 11,200 > 12,500 then down.
Marked as short for the first leg down. Will then re-do if this plays out.
My average entry for short = 11,377.
Note
Stop moved to in profit 11,277 = 22% profit @25X margin. Note
Note as per image above, have amended slightly. Looking for the elusive double top again! From there we have a 85% chance of going down; 15% chance of testing close to ATH.Note
Started taking profits at 11,700 (>500% ROE on Bitmex), we should still wick down to around 10,550 in the next few hours where I have around 25% of my trade still waiting to cash out. Stops have been moved well into profit at 10,985 (from 11,377 entry). Note
Just had a nice wick down to 10,600 and closed the rest of my shorts from 11,377. Most of my longs were picked up at 10,600. I still have longs down to 10,480 and think we will at least see 10,550; but that could (stress the word 'could') have been it. Looking to take profit from longs around 11,750-11,850. Stop less set to 10,350. Note
Target for short closure, long entry met. Trade closed: target reached
Short target reached. New analysis for the next long leg.
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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.