BitcoinUpdated Cliche
December pump, followed by a sideways slaughterhouse, perfect for shorting until capitulation. Then conditions are set for the pre-halvening pump, which dumps just before the halvening. If these next few months, turn out to be one big cliche, I will be shorting a big part of my profits....
Note
Note
Sharpening my viewNote
Entry at 7150, sl 7269, tp above 8300Trade active
Flipped tot USDT on basis of rising wedge, trustworthy short signal and other analysis. Stop at 8069. I see sub 7000 comming before 8300 targetNote
Flipped at 7700Note
Rising wedge
Note
New stop 7969Trade active
Expecting a slow bleed or move to the upside, after upper line of triangle seems to be providing support. Flipped back to BTC at 7350. Made up for a previous mistake. Average entry 6900, sl 6969, tp above 8000Trade active
Moved sl to 6787, dont like the odds of being dragged into a pump, after getting stopped into USDT too earlyTrade active
Flipped to USDT, stop at 7869, a little but to close for comfort, but have to do more analysis before moving it to 8136Trade active
(flipped at 7500)Trade active
Note
looking if the red line trough my stops is going to resist or support the priceTrade active
Trade active
Moved stop to 7936. Starting to regret last two trades... Potential Risk is not worth the potential reward, trades are to narrow for this strategyTrade active
Note
wrong url ;sNote
resistance is going to be retested
Trade active
Decided it was too risky and not suitable within my strategy to stay in my stable position. Switched back to btc. Av entry 6900 sl 7300 tp 8200Note
(Switched back at 700)Note
7500Trade active
Took my loss at 7200, now in stable position, sl 7450. Getting chopped....Trade active
Tp 7050. Very bad r:r, going to keep a close eye on the chart and overtkink how to dodge all this chop with this strategy and catch the chop with my other strategyTrade active
Made up mind, sl 7526 tp 6400 but readdy to flip if enough indicators agreeTrade active
Really hard to trade this range. Decided to sit this one out flat into btc, looking for the next pop or drop for direction. Flipped back to btc at 7200. This results in getting trown back in old pos. Av entry 6900, no stop atm tp 7500-8000 rangeTrade active
Sl 6200Note
If I would be willing to buy more btc, i would do it when price moves below 7000Trade active
Moved stop loss to 6100 after break down
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.