Bearish scalp trade idea ($32,333) BitcoinYes we've seen another leg to the upside but how many more do you think we see before another 30% pull back or another leg down that scares traders? My guess is not very long because this is bitcoin and we see crazy moves in both directions almost every single day. It's just a matter of managing your risk accordingly and not being over exposed/leveraged to the market.
Low volume. low size, low leverage (i use cross) and from there you'll be able to gain confidence and actually back test your strategy and be able to think logically instead of emotionally which you would've been using high leverage. high size etc.
I'll post updates to this point as things play out, yes i want wrong yesterday but my strategy has a high hit rate, will i be wrong today?
Lets find out shall we.
Scalp!!
Retest of broken uptrend (bearish support retest) $32,000-Yurlo
Yes things have been insanely bullish but while everyone is still VERY greedy and calling for $100,000 without any previous retests of support levels which is crucial for bitcoins future growth into mass adoption in the next 5-10 years.
Closed scalp long, opening a short and waiting (patience)-Yurlo
Took a few scalps there, but now I'll be more patient on this short.
I hope you guys got some scalps there, i try to post as fast as possible but sometimes its hard with the volatility because its insane.
Waiting for this ascending triangle to break now.
Bearish short term scalp trade idea (Bitcoin) S/r flip-Yurlo
This is likely the only scalp of the day I'll be taking, the rest of the day I'll be relaxing and taking time away from the charts.
I'll provide updates on this post (TA) in a few hours from now as well as daily close.
DON'T GET SUCKED INTO THE FOMO.