BitcoinShort
!!EMPTY YOUR BAGS, GET READY FOR NEXT BEAR RUN! 4H BITCOIN CHART
Updated
As i told you guys at my previous trading ideas, bitcoin price line nearly hit ichimoku cloud and it hit 50 MA at 4H chart. We empty our bags at $7398 and it time to think about where will we load it again. Vortex indicator is bullish but it had to grow much more in order to keep bullish. So, Vortex indicator will become bearish again. I don't really believe that bitcion will be able to pass that ichimoku cloud because it is not a thin cloud and we didn't see effect of 50/200 death cross that occured at daily chart. Also, RSI touched it's long term resistance as i showed at the chart. As the first step of death cross, we will go down to $4900-5250 area, between those prices we will load our bags again. Don't hasitate to ask anything. Trade SAFE!
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Here is the first step we traded.
Note
Here is the second step we traded.
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To explain my trade idea more detailed, here is the prices that i will close short positions at margin:Opened short at: 7390
Leverage: 5x
Liq Price: 9174
Close Price: 5048
And here is my normal trade price to refill my bag:
Buy Targets
1st target: 7250, Sell %20 of Portfolio
2nd target: 7150, Sell %30 of Portfolio
3rd target: 6900, Sell rest of Portfolio.
Trade Safe.
Trade active
To explain my trade idea more detailed, here is the prices that i will close short positions at margin: Opened short at: 7390
Leverage: 5x
Liq Price: 9174
Close Price: 5048
And here is my normal trade price to refill my bag:
Buy Targets
1st target:5250, Buy ,%20 of Portfolio
2nd target: 5150, Buy, %30 of Portfolio
3rd target: 4900, Buy ,rest of Portfolio.
I'm sorry for confusion, here is the buy targets. Comment Above is not true. LoL
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We got in that cloud and exited as predicted. Our trade is proceeding perfectly. The lowest estimated price is $4750. So, fill your bags when you see price lower than $5000. TRADE SAFE!
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So, bitcoin was able to hold on above $6400, watch that price when we broke it down we will go to the price area that I painted green. For now, there is nothing to wait if you are bearish as me. Next week we will see what will happen.Trade active
Here is a quick update. Bitcoin death cross occured at ma 50- ma 20 at 5m chart. This is the first bearish movement we should pay attention. The second signal is that at 15m chart, Bitcoin price couldn't stay above Ma 20 and right now it is hanging at ma 50, if the death cross occurs at 15m chart, we will be find ourselves at fib 1.0 level that i showed at 5m chart. Trade SAFE!
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This trade is not over yet. For now it is just a long term trade. We will wait for that bottom price just a little longer.
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