Everyone Bearish right here. I will long the claim of 43500 targeting 57k. The more it holds the more things turning Bullish in timeframes. Clean Invalidation of this long idea is breaking below 41500. So I'll definitely try a long if price comes towards 42k else I'll wait for the 43500 retest. Clean and clear rejection from downside. Slight upside will push it in high liquidity and massive Level.
Note: Not a Financial Advice.
Trade active
Took long from 42700 stoploss at 42500. There is chances that it tap 41800 area but i am trying a long from here because it can bounce back from here and if it do it might not test any areas below.
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Added more margin at 42710. If holds here it can go massively up. Moving the stoploss to 42550.
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Area holds will it break 43500? I think sooner.
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Things making sense now. Moving stoploss to 43200 on swing longs. For the next leg up most people will not be ready. And surely no one is going to expect it. I believe Next leg up is going to be massive.
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BTc Update. Current price 46967. Price moved as planned. Next is if it break 46500 i think we can see a retrace towards 44600. So I'll take 50% position off in 46500. But i think it will not go down from here below because the 44600 retest is already done. I think next leg up is going to hit 52000. 52000 is going to produce strong down move towards 48k which will look like a strong rejection but it will be retraced quickly and then massive move towards 58k is going to happen.
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BTC Update. I'll take 50% off at 47100 if retraces. Will re add lower. 58k still in play and I don't think we get a retrace but if we do i want to be on safer side.
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Send it..
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I'll be taking profit on the next move and move exposure to Alts, already longed alot and are in profit. One thing is i am currently not expecting ATH's in this run for BTC, might change my views in upcoming days if market gives some signal for ATH's but as till now i am expecting a consolidated move towards upside in which some Alts will run and then we are going to see some downside on BTC. Will update my views later in detail how market behaves. Will leave the position if BTC retraces towards 47k.(not expecting it)
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go some off at 52000
Trade closed manually
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Will look again for longs closed at 51500
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I'll be very Careful on Alts and BTC until a clean bullish structure been made. Might short some Alts with tight stops.
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Some Alts really look good for swing shorts. Taken dogeusdt only currently. I think some bearish days are coming to Alts we'll see if we hold the dump or not.
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Having swings shorts in doge and egld these will be the most Bearish one if their trend continues.
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BTC Update no signs of ATH yet. I believe if BTC breaksout from here it'll eventually gives a strong retrace to the current range for entry so I'll wait for that moment like it breakout with volume towards 55-56k then retrace to current range then starts to move upside to take 60k area. Alts running as BTC is consolidating. We'll see what market decides in coming weeks. Still some Alts looks like they are creating a HTF high here.
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Sold my 80% spot bags of Alt coins here in huge profits.(holding oneusdt ogn and zcx still) I want to be sidelined for a week or two. Will do some high margin scalp trades in these two weeks. BTC have surprised me with the recent move(that i was expecting from 43k based on this idea but later i changed my mind) and is still holding. The market here is not clear at the moment. I still believe no ATH coming this cycle. That would definitely hurt if this goes straight to ATH.
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The target of this idea is achieved though i closed my longs very early and didn't entered again. The thing i am saying again "no ATH coming" is because i would've Expected it if it retraced from 52 to 46 or from 56 to 52 and continued. When i was analysing BTC at 48k there was couple of Scenario in my mind the Bullish one was having a retraces while the Bearish one was like that which is happening right now. Somehow i switched to Bullish one in my mind so i closed my position i wanted a retrace and continuation which didn't happen at all. If the Bearish one happens from here what's coming next? The movement above 57800 is going to be blowoff TOP in high time frames. If Top has been made somehow here which looking at current PA doesn't nearly look possible(but Mostly Tops are like that) the target will be 33k. Currently fully sidelined and waiting for some triggers in Alts. The ATH scenario from here should be the successful retest of the resistance area marked in the chart given in Idea. Definitely i gonna miss out that one too if that straight goes up from that too but then i have a plan to reposition myself in Alts that have potential of higher gains when the actual BULL cycle begins.
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Added to shorts entry 62500. Stoploss 63450 (4.5% with 3x)
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Added more margin at 63000. price pumping like crazy. Doesn't look like a good idea to short this. Flat stops.
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Taken -5.5%
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Enjoy all time high..
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Scalped the loss back with +11%. Now if this continues to dump this is going to be biggest ever Trap. Sidelined here with a single short from 62.11 in Egldusdt.
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Closed Egld short for easy +18%pnl with 3x
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Market should holds here for a while. Not going to happen but if this confirmed the deviation of low time frame and started to dump more this is going to dump more and very hard. Like look at ETH level to level this is going to dump to 2600 which is -20%.
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Impressive recovery by BTC. I will be buying RVN GMT and BAND in Spot sooner initially.
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ETH price action looks like sh*t which is very bad sign for Alts. I have a short entry from 3311 with tight stops at 3340. Let's see how things unfold. Note: more down side from here is going to be really bad for overall market possibly HTF Top will be made.
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Bulls need to recover the price quick or else this is going more down. ETH m15 Moved stoploss to entry point.
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Have set some price alerts. Will see how things unfold later currently it's no position area. ETH holding is a good sign for Alts Run. Confirmation some closes above 3400. Under 3400 unclear.
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BTC update: Very Important weekly closing today. I think Close Above 61500 is very Bullish(looks like is going to happen) Close below 61500 and above 59000 is kinda neutral. Close below 58000 is Bearish(looks like 🐻 are going to fail to do it)
Meanwhile oneusdt looks like it's going to do the craziest ever pump.(Having a lot in spot(from 0.015) and already in a nice leveraged(5x) long position(from 0.02770)
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