I stopped trying to fade the BTC rally a while ago. It was like chewing bricks and I also have had other things to be dealing with IRL over the last month.
But I am starting to fancy the odds of a swing short again. I think we probably have another leg up first.
Would love to come in as a short somewhere around 55K with a target somewhere around 10K, though.
I still think we're in a corrective leg in a net downtrend. As such, I'd love to short near the 76 retracement.
But I am starting to fancy the odds of a swing short again. I think we probably have another leg up first.
Would love to come in as a short somewhere around 55K with a target somewhere around 10K, though.
I still think we're in a corrective leg in a net downtrend. As such, I'd love to short near the 76 retracement.
Note
Half stop to even and half stop trailed to 42,400. Covers all my losses from the mistimed shorts. Either make some money or breakeven on the round trip from here.
Note
Out the longs 45,350.Note
Filled short limits into the spike.Note
Note
This might have been the last little stop run. Have more shorts on now with stops above hourly highs.
Note
If BTC turns off the 76 it can be a real rug pull event. This would be a very good time to be trailing stops if long.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.