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 30600Note
Nice attempt to repeat the same scenario as on the chart. Fat green candle would be great for my altsNote
Bad daily open for bitcoin. Moved my stops in profit just to stay safe. We may test 30600 and see what happens nextNote
Opened a long with sl below todays lowNote
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 shotNote
This long position here is open for longer than I expected. Even rate hike couldn't stop me out. Maybe that's the direction thenNote
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 earlyNote
Placed SL at the entry price of 29116. If it goes lower I may try to open long thereNote
Got stopped out at BE. Placed the same buy at 28400Note
That's the planNote
28500 now just to make sure it gets filled if we bounce back quicklyNote
Or it took my position away and we are going to bounce cause 5th waves tend to be shallow lolNote
The 5th wave still in play I suppose. Be careful out there this week as we are about to get many earnings reportsNote
Preparing to buy bitcoinNote
Buying now first entry at 28780Note
Ok full position now. Counting on it to flip to the upside nowNote
Caught acceleration instead lol. Adding some moreNote
SL at 28k breakNote
WorksNote
5 wave drop worked. Time for a swing to 32k and maybe more ?Note
Moved my SL to todays low. If that move gets sold out there is propably more downsideNote
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, maticNote
But it may be a subject to manipulation by binance. They can push it straight back up in a matter of days so who knowsNote
Btc rejected quite well at a crucial point. Let's see if it dumps straight down or keep goingNote
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 wayNote
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 niceNote
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 thisNote
Opened longs in us30 at 35127Note
Out of btc, SL moved to BE on us30Note
It may bounce from here but this market is making me mentally tired lolNote
Massive trade on us30 today with a big swing potential. Feels way better than crypto, honestlyNote
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 favorNote
Still based on a daily chart. Opening long with stop at 29250 would not be a risky playNote
https://blob:https://www.tradingview.com/b27a9d43-cac6-4b95-8153-e22dbe5de749Basically 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 28500Note
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 ?Note
Jpy basket makes some interesting moves. Good for usdjpy shorts. No changes in btcNote
Adding to usdjpy.Note
Adding again. SL placed at 147Note
Btc stopped me out at night. Picked up some gbpusd longs just now tight sl at 1.269Note
Closed gbpusd for profitNote
Usdjpy takes a nice beating today. Hope it stays that way for forseeable futureNote
Long gbpusd again sl at 1.269Note
Usdjpy printing money todayDisclaimer
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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.