Don't believe what they tell you.
Previous position, we took profit and got stopped out at a profit.
Bitcoin is still in a big falling wedge formation, and as I've discussed on twitter large macro patterns have been respected nicely so far, including the falling wedge .
We're going to set up our next play by shorting the supply zone around the top of the wedge , which also potentially sets up a Head and Shoulders formation.
We will scatter sells in the supply zone , with our stoploss being the previous distribution zone.
We ask ourselves, what are the probabilities? And the probabilities are still, that Bitcoin will make new lows and hit 3k.
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Follow me on twitter: twitter.com/Imperator_Deus
Trade Bitcoin with leverage: bitmex.com/register/xLNbQ9
Previous position, we took profit and got stopped out at a profit.
Bitcoin is still in a big falling wedge formation, and as I've discussed on twitter large macro patterns have been respected nicely so far, including the falling wedge .
We're going to set up our next play by shorting the supply zone around the top of the wedge , which also potentially sets up a Head and Shoulders formation.
We will scatter sells in the supply zone , with our stoploss being the previous distribution zone.
We ask ourselves, what are the probabilities? And the probabilities are still, that Bitcoin will make new lows and hit 3k.
----------------------------------
Follow me on twitter: twitter.com/Imperator_Deus
Trade Bitcoin with leverage: bitmex.com/register/xLNbQ9
Trade active
First small sell order filled, I don't think we are going down yet for the big dump(bull divs on lower timeframes on this dump). Like in the chart, I do expect to hit above 7k, possibly even 7.2k followed by distribution and a dump to the lower trendline of the falling wedge. Could possibly even drop out of the wedge.Note
Incase there is a bigger volatillity breakout drop now be on standby to market shortTrade active
More sells getting filled on the supply zone. Bearish divergences on 1h and 4h chart. Looks like it's going to be over for bulls soon.
Trade active
Sells in the supply zone filled. BTC immediately spiking down after hitting top of the zone. Time to say goodnight bulls.Trade active
Try to countertrade me. Try it.Trade active
Take some profit and put stops in profit you get it yada yadaNote
Note
twitter.com/Imperator_DeusFoilow me on twitter homies
Note
Taking more profit here. 50% out. Clear rally starting to take shape.Trade closed manually
Looks like inverse bart pattern is coming. Trade closed.
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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.