Even though, Halving is over, and one would suggest to long, I often was too early in my decisions. And often the hype starts after some stop losses have been hit. Also in some chart that show weekend gaps, there is a definite target at around 10K. More sheeple to think it's going up straigt. Another thing I learnt: Gaps close. Yes. But not as quick as everyone would wish for.
Now, the daily fib (red) would at least allow a retracement to the 38.2 level. The hourly blue fib reached the 65 golden pocket and is ready to drop it from there. I feel good when shorting to around 7700-7800. So I did.
Maybe I am wrong, but I was surprised by BTC hard drops before. Why not again? If it takes 5 minutes to drop 2K, but it takes days to get that back, is it really a bullish world? We'll see.
RR 1:3
Entry 9325
S/L 9850
T/P 7800
Now, the daily fib (red) would at least allow a retracement to the 38.2 level. The hourly blue fib reached the 65 golden pocket and is ready to drop it from there. I feel good when shorting to around 7700-7800. So I did.
Maybe I am wrong, but I was surprised by BTC hard drops before. Why not again? If it takes 5 minutes to drop 2K, but it takes days to get that back, is it really a bullish world? We'll see.
RR 1:3
Entry 9325
S/L 9850
T/P 7800
Note
Adjusted S/L to RR 1:1
Eat my shorts.
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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.
Eat my shorts.
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.