Bounce potentially over. Weekly with enough room to go down.
Time for some profit collection from bitcoin whales.
Entry: 2700
SL: 2850
Target: 2300-2000 area
Time for some profit collection from bitcoin whales.
Entry: 2700
SL: 2850
Target: 2300-2000 area
Note
I think is going to test the bo level around 2730. placed some sell orders there.Note
Got filled at 2730 too. Holding a pretty large short.Now started moving, let's see if we can have enough bear strenght to go down to our targets.
Note
Btw, i want to share with you fellow bears this crazy idea<deleted>
Note
Target 1 was reached today. Expecting target 2 to happen by the weekendNote
Bounce shouldn't go much higher.
2630 tops in my opinion. Anything above that would put in danger the move down.
Note
The current level (2540-2560) is a concurrence of 3 retracement levels. 50% retracement of this wave down from 2790 to 2290.
38.2% retracement of the correction since the last week low at 2120 to the last high at 2790
50% retracement of the move down from 2975 down 2120
We also have 200 4h SMA resistance and horizontal resistance.
We'll see what happens here.
Note
Note
Heading down again. This is a key level, breaking down would guarantee target 2 (2050's)Note
we bounced and broke the trendline, now retesting.key moments again for btcusd
Note
Note
Are you guys ready?Target 2 incoming :P
Note
Potentially bouncing here to retest broken trendline. That would provide us a safe place to add/open shorts.
Trade closed: target reached
And target 2 reached!!20.5% net profit before leverage, crazy profites after leverage :D
hope you guys enjoyedit.
Now time for a small bounce before next short.
Note
Dump seems now over. We missed a 10% extra move down to ~1840 support.
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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.