Here's a few quick 'n cute doodles why I'm short to 8.9ish, tbd on how it plays out because, hell, it's bitcoin. lol.
Trade active
So far so gooood. Will be watching 9.2 level closely, as 8.9 might be an overshot. Stop set in profit.
Note
Strong reaction off the approach at 9.2, lowered my stop for more profit in the event of a large pull back up.Trade closed manually
Closed low 9.3, looks like enough steam for a slight bounce back up w/ sideways action. Lots of support at 9.2. Very brief HFT long w/ tight stop, looking for another short re-entry.Trade active
Doing a reaaally risky long in the interim, as I'm expecting a bounce off high 9.2 back into the original entry zone. Note: I still think the above scenario is the long-term play, so my current long is just a scalp. Looking to short again.Trade active
LONG - See Recent posts, staying vigilant that this possibility could play out though.Trade closed manually
Note: Long position for bigger picture, Shorting on the short term.
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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.