Good luck! Because you will need it.
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Note
Inverse H&S with an upwards neckline is not reliable. Especially with btc. For a mid-term trend shift I would expect a double bottom or triple bottom and an Inverse H&S with downwards neckline just like I drew on the chart.Trade active
Opened short at 44.2k with target of 37.2k and 32k. Note
If you don't go against the trend you will win 4 times out of 5. Even if the trend is broken there will be a retest of the lows.Note
Took some profits here. Expecting a pullback to around 42k Note
Lower time frame trading:Short 40.1k
TP: 39k
Note
TP 39k Done. Note
36.5k first bear TP level:Trade closed: target reached
Closed all shorts at my first target 37.2k. It looks like we may start flying towards 55k without getting a double bottom. If we go down I'll buy, if we go to 58k I'll short, either way we win.Trade active
Shorted 39k with the target of 30.5k Note
Reshorting 41.3-42k areaNote
Note
Short squeeze to 58k while everyone is waiting for 20k.Note
We may still get 30-32k before mooning to 50k+Note
Approximately in 25th of March BTC bottoms out at 29-32k in my opinion. But after that for BTC to pull back to 50k+ I need to see a bullish RSI divergence and drop with low volume at 29-32k. Here is how it looks: Note
58k soon.
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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.