MrPipa

MrPipa

Here is my idea. Short 91100 TP 25% at 84500 SL 92000 (keeping it tight, market is very up and down at the moment) Leaving the rest to ride into later next week, if we manage to get a nice rejection from this range. I expect tomorrow to potential fill my TP. Additionally, I believe this sets up for a stronger decline going into later next week. Plays out I...

MrPipa Updated 

As mentioned in my previous post, short orders were placed at 65000 and my intention is to take TP at 63000. Hard to tell if there is a little more pop left here but I will continue to add if that plays out. I do feel comfortable with my initial position presently. Will be my last trade for the week.

MrPipa Updated 

Could potentially be a sharp decline. Chart outlines a potential path for the next 1-2 weeks. Looking to potentially take tp at 57200-58000 For now TP is set and lets see how the week develops

MrPipa Updated 

Don’t rush any decisions, don’t fomo here. If you managed to short from above 71k just hold and wait.. make it rain Looking to long, be patient and wait it out

MrPipa Updated 

Was eyeing a higher target but I think this is a good place to enter or build an entry. I still expect some sharp downside left this week, if the chart lands as plan this would be a medium term bottom imo. It doesn't mean we are breaking the 31k high, in fact I believe this is our 2023 high at 31k. For me it does mean we can run back up near those upper levels...

MrPipa

Good risk reward play here. I was initially looking a bit deeper but now have considered this to be more appropriate area to take. Long entered at: 27450 TP: 30250 SL 26840

MrPipa

Pretty self explanatory. Way overextended with a big fat div printed. Target 18100

MrPipa Updated 

Everyone waiting on the Fed speech today. This is where I look for the markets and crypto to create a divergence. Markets down Crypto up

MrPipa Updated 

Everyone is waiting today on the feds policy speech. Speech is likely negative, traders taking year end profit. Its been decided IMO.

MrPipa

Everyone scrabbling and repositioning. Everyone going into cash. Everyone keeps looking lower. All we did was test the expected June lows and get a lot of assets into an oversold position. October should will bullish.

MrPipa Updated 

Bears are starting to lose momentum, look for bulls to take over for a brief period as they consolidate in this range.

MrPipa

Just posting this idea for myself basically... We should should bottom this month where there will be another reversal to the upside. For now I am thinking 29200->50,000 then die.

MrPipa

Either we break and go down pretty hard into May or this gets somewhat saved by going up this weekend. GL

MrPipa Updated 

I believe were on the verge of seeing a big breakout to the upside starting anytime this or next week. If we can manage to clear 47k, my target would be approx 52000 where we should see a rejection back to 46xxx before running into May with a HH @ 53xxx Drawing is my vision for April-May and how I am interpreting what I am seeing at the present moment. GL

MrPipa Updated 

I am thinking short term, this looks like a lot of sense to me. However I do except a weak bounce and then a break at some point.

MrPipa Updated 

I believe we can see 49k in a few weeks. As for this week we need to hold off the bears, if we can get a sudden rush of buy orders we potentially can see 43k pretty fast before trickling back down andt setting up the higher target. If we can hold this 37.5 k area by daily close, I'd say things are looking more optimistic.

MrPipa Updated 

This might take a few weeks until we reverse again to the upside. In the mean time I expect us to drop potentially to 39800 before we retest upper resistance.

MrPipa Updated 

We are likely to break 40000 this week where we should test the mid 37k range.