Golb

Golb

Today price took a tumble taking us back in to the range. At the time of writing price is trading just above the monthly open. I would like to see a significant break below this level. What do I see happening from here? I’ve got two targets for this short, both of these targets are potential long zones for me. 1st target $35k 2nd target $33k I’m interested...

Golb

Moved my stop to BE My logic behind this trade is as follows, if I’m expecting this month to be bearish, the best place to short would be as close to the monthly high as possible. If the longer term trend is bearish then that monthly high should hold and the previous months low should be the next target. Same concept applies on all times frames.

Golb Updated 

A lot of stops were taken on this move higher, I’m aware of the CME gap above price. Might see another push higher to fill that gap before potentially going lower. Entered a smaller position (1%) lower, stops above the previous high. The risk is low enough for me to be comfortable shorting. Let’s see how this second attempt goes.

Golb

As I mentioned last week I was looking for a short early this week. The move happened while I was away from the chart so I didn’t catch it, but this reaffirms my short bias. I’m still holding 25% of my short. I’ll only be interested in XRP around that $0.75 zone, for now I’m on the sidelines waiting for the next move. I noticed $0.90 seems to be a level of...

Golb

Stopped out on that entry, it’s on to the next. I’m still leaning towards the short side. Looking for any signs of weakness, if an opportunity shows itself I’m willing to short this again.

Golb

The weekly open has been lost, I would like to see a daily close below here so I can move my stop to BE. I explained what I was looking for even before the trade unfolded, while price was trapped between the monthly and weekly open. I would have liked to have caught this move above that monthly open, as mentioned in beginning of this thread, that would have...

Golb

I’m not a big fan of compounding positions but this might be too good to pass up. If the weekly closes without taping $0.75 I will probably short XRP again early next week. The whole market looks trash from where I’m sitting, XRP is notorious for making very large wicks. The move down could happen very quickly and price could shoot up again very quickly. I’ll be...

Golb

On the monthly chart there’s a candle I can’t ignore. When ever I’ve seen a candle that takes out both the high and low of the previous candle at the top of a trend is usually an indication of a pending correction. I’m not saying bear market but a candle like that deserves a little attention, the fact that a majority of alts look like they want to fall off a...

Golb

First target reached, 50% closed. Risk free trade.

Golb

Moved my stop to BE

Golb

Need yesterday’s high to hold, if that is lost then we could see a sweep of the highs before a dump. My bias is still short, I’m only looking for short entries above the monthly open. If I get stopped out I will short it it again 40k-40,100k Above 50k is where my bias would flip but for the most part I’m short, expecting a final sweep of the lows before...

Golb

Missed the swing above the monthly open, as mentioned in my previous BTC post I’m short above the monthly open. My stop is just above 40k, first target is the weekly low final target would be the CME gap. There might be one more push higher before the meltdown but at this point I’m seeing an incoming continuation of the move dow, or at the least the formation of...

Golb

Not the ideal setup but the r/r is good. A sweep of the lows at 1.270 if that is lost then 0.75

Golb

I’m happy with how the trade worked out, took 75% profit my final target is very close. I’m on alert for a long now, I’ll be paying attention to 3 areas for signs of a potential reversal but it will depend on how price acts when it gets there. $0.75 $0.65100 $0.60 I would have a limit order at $0.75 but my stop loss would be too big for my liking, I need...

Golb

I’ve got my eye on $0.75, I’m very interested in buying that area but only under the right circumstances. I need price to show clear intent to reverse back to the up side, if not the that previous low (0.65100) is in sight as well. I’m short term neutral and am willing to a trade either side of the market if conditions are right. I know there’s a lot of...

Golb

BTC is currently trapped between this weeks open and the monthly open with the CME gap at 24k looming below. If we lose the weekly open I see no reason BTC doesn’t tap 24k before the next leg higher. The long trigger I would look for below the weekly open, the short trigger above the monthly open. On the daily there is still room to print a lower low,...

Golb

Price finally went to my first target at $0.90 and reacted in a significant way. I no longer have any risk in the trade with my stops at BE. Price might melt a bit further, I will take another 25% off the position if price reaches $0.82 As I mentioned I’m looking for longs around that $0.75 zone I marked out at the beginning of the week but that will depend on...

Golb

Came very close to being stopped out but the trade went in my favour eventually. My stops are now at BE, I’m going to scale off 50% of my position at $0.90 There could be a run on the stops below $0.80 then $0.75 but I’ll deal with that if/when it gets there. I have a broad idea of where price wants to go but would like my information from the charts first....