das experiment : Testing liquidity btc short idea
Updated
So this is still a experimental, but has a high winning rate. (except a genius smoker changed his bio to btc and tweet about doge :) )
First of all, not a financial advice and make your own decision.
Only you are responsible of your wins and losses.
Price made a lower low, and and now bearishly retesting a pullback level.
I put my asks to red box, and keep this position until I see a daily stop above stop level.
This is a long term position so I'll use futures instead of swaps. And I'll use swaps to hedge on ltf supports.
First of all, not a financial advice and make your own decision.
Only you are responsible of your wins and losses.
Price made a lower low, and and now bearishly retesting a pullback level.
I put my asks to red box, and keep this position until I see a daily stop above stop level.
This is a long term position so I'll use futures instead of swaps. And I'll use swaps to hedge on ltf supports.
Note
we might expect a small bounce here, so to luck some profits, opening a hedge long here, will be closed under a 1hr close under monday low ( red line) :Note
so, the expected support didn't work, which means, its flipped to a resistance now. I expect a pull back to close my hedge long on a retest to same level, and let my short ride ... =)Note
As expectd:Note
another hedge long : Note
not my favorite reaction, so closing hedge long and let it ride : Note
so this is confusing... we might be in a small accumulation and near a early spring. if the price falls below, we might see a wild spring area bouncing in the green area below. So this means, we have a local dip, and might go up to the same entry as this accumulation's target. I'll give it a chance : Trade closed manually
flipped to long :) cheers !
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