BTC daily chart update

Updated

BTC is close to the cloud test. Breakdowns are usually sharp declines after a period of distribution on top of it while here we are seeing that it just slides down to test its lower range. Last time it happened that way we've pumped quite a lot. If we would repeat the same move we'd end up close to 35k, as marked on the chart. Holding my positions in altcoins until we break it to the downside, may even open a long position soon if I'll manage to time it well

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btc struggling to show strength on both daily and 4h. Daily chart still looks like some upside is possible but needs t o break above 30600

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Nice attempt to repeat the same scenario as on the chart. Fat green candle would be great for my alts

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Bad daily open for bitcoin. Moved my stops in profit just to stay safe. We may test 30600 and see what happens next

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Opened a long with sl below todays low

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If we look at the monthly chart we've stopped exactly at the cloud today. The risk is really small so I may as well give it a shot

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This long position here is open for longer than I expected. Even rate hike couldn't stop me out. Maybe that's the direction then

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Still in that long position. 4h chart tries to break out. Also the first sign of a big reversal to the upside on a daily chart but it's still early

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Placed SL at the entry price of 29116. If it goes lower I may try to open long there

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Got stopped out at BE. Placed the same buy at 28400

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That's the plan

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28500 now just to make sure it gets filled if we bounce back quickly

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Or it took my position away and we are going to bounce cause 5th waves tend to be shallow lol

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The 5th wave still in play I suppose. Be careful out there this week as we are about to get many earnings reports

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Preparing to buy bitcoin

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Buying now first entry at 28780

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Ok full position now. Counting on it to flip to the upside now

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Caught acceleration instead lol. Adding some more

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SL at 28k break

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Works

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5 wave drop worked. Time for a swing to 32k and maybe more ?

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Moved my SL to todays low. If that move gets sold out there is propably more downside

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Just holding all trades now. Feels like I'm well positioned if we are about to properly break out on bitcoin. Positions with leverage: qnt, rndr, xrp, btc, spot: solo, vxv, ewt, hbar, xrp, rndr, matic

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The only thing that bothers me is bnb and its price action.

It broke down on a weekly and is not really looking bullish

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But it may be a subject to manipulation by binance. They can push it straight back up in a matter of days so who knows

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Btc rejected quite well at a crucial point. Let's see if it dumps straight down or keep going

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Volatile week as I said. Good entries allow to stay in profit but may get stopped out tomorrow night as apple and amazon earnings are on the way

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Seems like bitcoin withstood this week without breaking down. Went close to the entry price and but not reached the stop loss. I'm not sure if there are any triggers that can dump it in immediate short term. Seeing some optimism would be nice

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Well we've got more fear instead. Leaving the market in panic mode over the weekend is usually not a great sign. Xrp broke down back into the zone. There may be a lot of more downside to this market if it keeps going like this

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Opened longs in us30 at 35127

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Out of btc, SL moved to BE on us30

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It may bounce from here but this market is making me mentally tired lol

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Massive trade on us30 today with a big swing potential. Feels way better than crypto, honestly

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Market is not really retail friendly recently I'd say. The stock market builds up the fear of a big dump. Bitcoin is actually stonger than it should be but after watching todays session it's obvious that there is simply no money in crypto. Trading it in any direction is basically hoping that whoever manipulates the price of btc will do it in your favor

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Still based on a daily chart. Opening long with stop at 29250 would not be a risky play

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https://blob:https://www.tradingview.com/b27a9d43-cac6-4b95-8153-e22dbe5de749
Basically hoping that the cloud will not get rejected along with the whole move to the upside that we've seen recently

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Picked up 1 btc long at 29292. Just a small bet in case we get to see any moves up based on daily chart. SL below 28500

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Opened usd jpy short. Bitcoin tries to go up again as expected. Starts slow, potentially catching short sellers in a trap before quick move up ?

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If anyone here does forex

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Jpy basket makes some interesting moves. Good for usdjpy shorts. No changes in btc

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Jpy basket tries to break out. Swing on jpy in play

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Adding to usdjpy.

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Adding again. SL placed at 147

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Btc stopped me out at night. Picked up some gbpusd longs just now tight sl at 1.269

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Closed gbpusd for profit

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Usdjpy takes a nice beating today. Hope it stays that way for forseeable future

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Long gbpusd again sl at 1.269

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Usdjpy printing money today

eryklct

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