Up way over 100% now, time to start locking in profits and anticipating a large correction. Investor sentiment is dangerously bullish now and its starting to look top heavy. Not going short or long but rather closing out on a decent run. If it hits 10000+ i would sell all and possible look for a top to short.
Note
in relation with:
Note
Short term graph with an overlay from the previous peak that lead to a 40% correction on the current spike: Note
The event overlayed in yellow is from SHIB on the 24th of october: Note
Still following relatively well, still expecting a trace back to ATH before a steep correction.Note
Trade closed manually
The pattern is diverging from underlying price action now. Looking to cut my positions and look for an opportunity to shortNote
Note
In hindsight, the pattern ended lasting a bit longer than anticipated but they are still VERY similar and served as a great model for trading. I closed a bit early at 8200 but would have been able to close at my target of 8600 had I been a bit more patient.Note
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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.