Short

ETH/USDT

Updated

Quick and straightforward idea. Don't enter this if you are worried about a loss. This risk-to-reward scenario works well for me, and I am willing to take that loss. Firstly you typically wouldn't open a short here but wait for a break in the structure. BB is tightening. We can expect a move to the up/ downside. I am mindful of buy volume, which seems to be gaining momentum. We can see a move to $3070 before moving back downwards or continuing forward. I have my TP on the chart set up, and I also understand that the price can continue higher at any point. I will raise my stops for-profit if given the opportunity. Seem to be forming lower highs and higher lows since support on the LTF, so I am keeping an eye out for a move to the upside.

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looking to see some relief (up side) soon check RSI and LTF
I knowingly signed my death warrant here
I will be saying HONEY ITS GONE soon enough.

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BB*%B (LTF)

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Pay attention to the close on the 1hr. If we don't break below support within the next hour or two, I may cut my position, forming an H&S (head and shoulders pattern). The head will have developed adequately at approximately $3000, which means we can expect a move as high as $3090 before deciding the next move. I will play this scenario if possible, but I may be busy.

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Raised stop for-profit @ $3025 because of leverage, and it suits my scenario. Also, check the 1min Time frame to establish a range and potentially take some scalps. I would not be surprised if we test the top of range again. However, the third tap is not ideal for me.
The idea is to establish a range try a long at the bottom/short at the top if it suits your thesis. Take profit on the way up because nothing is guaranteed.

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Stopped in profit might consider another one near the top of range.
Idea is still valid.

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I am not going to close this idea, even though I made my exit in a profit. Good luck to anyone holding, and beware of the daily close.

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New entry @ $3034 S/L @ 3160
walking away for the day.
after Tsla update

Tear me a new one good sir.

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Bulls are seriously out here fighting at all costs as if they're DONE with DXY.
New S/L $3040. The time frame is botched unless we have two Chadnormous candles to the downside, but the idea is still valid.
Take profit and raise S/L for-profit is the safer play.

Trade closed: stop reached

This idea is invalid stop broke even (without fees). This is a perfect example of why we should raise our stops in profit. We had several opportunities since our entry to take profit and raise our stop for-profit. I am currently building a short position here
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HONEYITSGONE

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ETH/USDT

by HONEYITSGONE

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