This article is for reviewing 10/24/2024 short position and stop loss. Unfortunately, it seems that the price has hit my stop-loss line and dropped. However, I have no regrets. Today, I want to talk about the reasons behind my short stop-loss and how market manipulators (often referred to as 'whales') take advantage of traders like us. Let’s start by...
For now, I believe that the downward ABC is still ongoing. Currently, we are seeing a rise within the B wave of the Green ABC correction. RED ABC- I expect the "Red ABC" to either form a triangle or a flat ABC. If it turns out to be a flat ABC, it would actually be more convenient for trading since the stop-loss would be much shorter. If we enter a position...
For now, I'll count this trade as a winning trade since it has reached the target price. The risk-reward ratio is 1:7, so it seems to have been a pretty good trade. At the moment, I've taken profit on my all short position. The wave that emerged from the end of the small green ABC correction looks like an impulse and appears to be really strong, so it seems...
Starting today, I will post my views on the Bitcoin chart. I will provide stop-loss levels with target profit and I will also enter positions myself. Afterward, I will review whether the analysis was correct or not. This year, Bitcoin has made a significant impulse wave upwards, reaching near 73,000, and is now undergoing a correction for a while. It seems we...