BTC We are topping! SHORT
Pretty sure you enjoyed this chart: https://www.tradingview.com/chart/BTCPERP/gTkha1YO-BTC-long-don-t-overthink/
Now lets identity the top forming for wave 3.
The most likely contender will be between 58,5k-618k area which also happens to carry the 161.8 at 60.7k.
HOWEVER, our current top of 57.7k is also a 2.618 (not shown on chart) and is a serious contender.
I myself scaled into a short already on a secondary account where im starting with a low position at 57.7k adding at the red boxes. With the biggest position at the 1.618 target.
Targets will be updated along the way, we need a top first to measure targets, but for now lets say 53.1k as a first wick down should do.
Now lets identity the top forming for wave 3.
The most likely contender will be between 58,5k-618k area which also happens to carry the 161.8 at 60.7k.
HOWEVER, our current top of 57.7k is also a 2.618 (not shown on chart) and is a serious contender.
I myself scaled into a short already on a secondary account where im starting with a low position at 57.7k adding at the red boxes. With the biggest position at the 1.618 target.
Targets will be updated along the way, we need a top first to measure targets, but for now lets say 53.1k as a first wick down should do.
Note
Shame it didnt trigger my bigger entries, but still we got to celebrate small victories :D.Took some profit and letting the rest ride.
FEAR THE 2.618 wave 3!
Trade active
Bigger entry on BTC short triggered, this is going down soon.Note
Very strong move from BTC to my surprise. Still holding on to the trade. All entries triggered. SL as shown above.Note
Well that ended badly insane move from BTC, im still in short personally, wouldn't recommend it.Touche BTC!
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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.
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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.