Long

Updated

BTCUSD Trendlines view

This is what i would likely expect to see now. Remeber that SP 500 is really close to a support and this move is way far overextended. 2 weeks ABCD pattern is basically completed.

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For who is asking, my plan is to keep my spot position open (reducing position exposure at the first target).
Leverage short the major trend line with my second account and see where we get. Take profits from the long position at the targets on the chart, hoping we go back above the major trendline.
If for some reasons we go to 25k or lower in a single move, i'm gradually buying every deep( starting with 1.5x, than 3x...), pull down the av. price and reduce the position as soon as it gets to breake even. We must bounce somewhere.

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This kind of strategy is really conservative but looking at some chart TF it's easy to understand why play it safe is the best thing to do now.

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I don't like how price stopped just before the trendline. Moved some of the orders a littlebit lower

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Not gonna lie this shit is ugly af

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If we don't close above we do have a problem

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Fibonacci bollinger bands Doesn't like to be ignored

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Not bad

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I knew i said i was waiting for a bull trap, but i just don't feel it right to challenge so many possible strong levels retest. i will take most of the profit out at the sell zone, will be almost a 17% in spot, not so bad for a bear market tought. i will probably open some shorts in private

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It's easy to panic here but i belive in another pump to our sell area.

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Just woke up. As always while i was sleeping market printed a PPO divergence on the 15m TF. I had a trigger alert that automatically closed 30% of my position as soon as the little green candle closed with the P on it, basically just anticipating the De-risk area of 1.5%.
Keeping the other 70% open looking for the sell area.

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At the end trend was stronger than i thought. PPO 15m got ignored. Original De-risk area touched 1h ago.

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Just closed another 45% of the initial position right blu line and opened a leverage short on the second acccount (i'm not going to share it)

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Red and fast like a brand new ferrari

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2 weeks close is supposing a continuation of the dump. I'm going to share my next buy area later

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Just opened i crazy short only for R/R. (High probability to get stopped out)

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And we ended up ilke this. I've decided to take the trade too late, i had just minutes to plan orders and stops and i've done a mistake in placing the stop loss. just hope we not go straight down from here or i will feel like an hunted dear.

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BTC UPDATE

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I forgot to update

Nicotavee

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Nicotavee