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Scalp

Fake out candle before rejecting or is BTC ready to leg up? We've seen nothing but up over the past 8-10 months (Since the March 2020 crash) and yes we've seen little downside rallies but we haven't had a proper red candle or week in so long and if it isn't today, or tomorrow, or next week, it will probably be sometime in Q1 and i still believe we will see $16-21k in 2021. I'm only posting this because last couple of my TA's have been bearish and one of them wrong so I'm posting the bullish scenario in case it does happen. Don't get it twisted though, 30% pull backs are very normal and regular in bull markets and wouldn't be surprised to see it sooner or later. $50,000 will be a HUGE resistance for Q1 (psychological) I'm personally bearish but the charts possible are indicating one more leg up, one of these legs yup has to be the local top for a decent downtrend to get initiated....i can feel a crash in my bones and leveraged longs will cry in the end. Enjoy your day my friends, and enjoy this TA. Are you bullish or bearish at $41,000 USD?
COINBASE:BTCUSDLong
by YurloTrades
Ascending channel breached and confirmed (b&r) bearish scalp Since January 7th the ascending channel has been compromised and almost breached multiple times. The only reason it hasn't is because of the buy pressure but of if it doesn't hold on the 3rd support test attempt then we can see much lower levels. If we get a bounce off this trend line we can head higher but until that happens I'm bearish and don't care about $1000 dollar moves at this point. a 30-50 pullback is over due and leveraged longs over 5x will get a wake up call in coming weeks/months. Don't say Yurlo didn't want you if we start free falling, because in this post I've very clearly made the case it's possible especially because we're now in Q1 and haven't set the "yearly low" or even started a downtrend for that natter so it's really a matter of time before things reverse on the short term. Break the current ATH and we'll likely have another leg up "fundamentally this doesn't make any sense and institutions are driving this price up, and it won't go on forever. Meek Mill was tweeting about crypto and getting all his fans into it (lmao what a hilarious top signal) See you guys when the red candles start, or i'll post another TA with a scalp long after the next big dump for a bounce but otherwise free fall within days - weeks.
COINBASE:BTCUSDShort
by YurloTrades
3
Bearish scalp trade idea ($32,333) BitcoinYes we've seen another leg to the upside but how many more do you think we see before another 30% pull back or another leg down that scares traders? My guess is not very long because this is bitcoin and we see crazy moves in both directions almost every single day. It's just a matter of managing your risk accordingly and not being over exposed/leveraged to the market. Low volume. low size, low leverage (i use cross) and from there you'll be able to gain confidence and actually back test your strategy and be able to think logically instead of emotionally which you would've been using high leverage. high size etc. I'll post updates to this point as things play out, yes i want wrong yesterday but my strategy has a high hit rate, will i be wrong today? Lets find out shall we.
COINBASE:BTCUSDShort
by YurloTrades
3