ETHUSDT
******* IMPORTANT****
I started building my short position from $3120.00 I may have tapped the undo button by accident because it shows my rectangle starts below $3080.
I rushed my chart and did not review it before publishing it. Let this be a lesson. See related ideas for proof. I planned this short last night but did not chart it until moments before. I apologize for any confusion. Either way I am still under water, so send help.
Shorting crypto is dangerous and usually leads to HONEYITSGONE.
Building a short position here as we are on a downtrend, I expect resistance to reject us. I am using leverage. Therefore, I increased my risk. I have taken note that the bearish cross on the MACD can flip bullish as buy volume strengthens. BB%B shows we widened too much. BB has widened and begins tightening and usually is associated with a big down/up move. I am expecting a potential downward move as far as the Lower BB unless we break the trend.
Best wishes,
HONEYITSGONE!
I started building my short position from $3120.00 I may have tapped the undo button by accident because it shows my rectangle starts below $3080.
I rushed my chart and did not review it before publishing it. Let this be a lesson. See related ideas for proof. I planned this short last night but did not chart it until moments before. I apologize for any confusion. Either way I am still under water, so send help.
Shorting crypto is dangerous and usually leads to HONEYITSGONE.
Building a short position here as we are on a downtrend, I expect resistance to reject us. I am using leverage. Therefore, I increased my risk. I have taken note that the bearish cross on the MACD can flip bullish as buy volume strengthens. BB%B shows we widened too much. BB has widened and begins tightening and usually is associated with a big down/up move. I am expecting a potential downward move as far as the Lower BB unless we break the trend.
Best wishes,
HONEYITSGONE!
Note
I AM NOT USING LEVERAGE** (I am using leverage)Looking iffy moving into the daily close. Bulls with their printing press trying to break this downtrend.
Please leave a like, follow and take a look at some of my ideas.
Note
Unbelievable, I also forgot to change my entry starting @ $3120.00 on the chart. I am considering raising my S/L above $3300 because I feel we will tag the previous trend line or break the downtrend near the close. Today is not my day. I had a long day and need to walk away. Sorry for the sloppy analysis.
I wish you all the riches in Valhalla.
Trade closed: stop reached
I raised my stop to $3457 (was $3415), but this idea is technically invalidated. Therefore, I will close the idea. I am not using leverage, and I responsibly risked the amount I am willing to lose in this position. I am not changing the stop again.Note
Still alive hereNote
The scalp turned into a swing, and I am underwater. Send help—jokes aside, it's getting close to my S/L.Note
Closed for a minimal loss after holding for so long. Let this be a lesson. know when to call it quits! A scalp position should NEVER turn into a swing.
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Related publications
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.