Shortposition
Big short, two short positions - working off (waited!) BTC/USDT Good day, dear friends.
I'm glad to inform you that
Today I and my subscribers managed to catch all this movement.
Why we opened a short position instead of a long one, all the Description below.
Our first position was opened at 24010-24000. (Some opened it a little lower, at around 23950-23890 (but it paid off))
With targets such as:
23550-23150-22830-22570
Stop loss at 24550
---- ALL TARGETED TAKES ---
And the second position was opened at this level - 23490
Target: 23050-22380-21530-20270
Stop loss at 23950
for the second position - only 2 target ones (the position is still open)
And now about the main thing, why we opened this position and why it worked.
Look, I was expecting a strong momentum yesterday and my last short was to catch all of this movement. But it was closed by stop loss with a loss of 450 points. Today, We reopened the short position because we had such a picture at 2h TF
"impulse from a strong level === >>>> price return without a rollback to a strong resistance level from which we began to fall == >>> as well as news about a new type of coronavirus in ENGLAND + many traders were waiting for the breakout of the level 24000 + yesterday GAP +
And most importantly, it's a bearish downtrend triangle and as well as RSI 4H TF.
Now about the goals, many have long known that Impulse price movements are always multiplied by 2 (if you are counting on the second impulse)
And I was counting, because at the mark - 23490 -
We have formed a bearish flag.
This made me understand that I need to open the second position short, and set long targets. (Because the first impulse yesterday was 5% - so this should be about 10% fall)
That is why I set up such targets - you all see them on the chart.
And also, those who read my ideas know where I indicate the zone of distribution / accumulation of positions - you can see all this on the charts below, under this description!
We had a false exit for this zone, a long protraction in the flat - the levels of $ 23000-24000
All this spoke of a decline. And we managed to take it.
What I expect next - I will describe it in the next trading idea and explain why it can only be a correction of this growth.
If you like my idea, please support me with like and write a comment if you made money today or lost it!
MY SECOND POSITION IN SHORT btc/usdtHello dear friends again)))))
Thank you for your thank you messages for making money with me, that my tips and ideas are helpful to you.
I thank each of you for this.
At this time, I open a new short position, from the current price 23830
Targets: 23550 -23300 -23000-22500
Stop loss 24100
Because for me there are many factors that again speak of a decline.
I go short because for me there are my levels at which I work.
We reached 23550 by the previous idea)))
You will ask why I did not set this target - because I expected a breakthrough of this level to 23300.
stop loss at 24100, same as for the previous trading idea!
We have already earned 290 points in it, and the stop loss is at breakeven! (24090)
Maybe I'm wrong, I'm not asking someone to follow me. I only share with you my trading positions, following my risk management and money management, I always trade with stop loss (as well as trigger stop loss) STOP MARKET and OBSERVE ALL ASPECTS OF TRADING!
2 Entry Point For BTC (Buy/Sell)I think we're near to the end of the BTC decision time that I spoke in last Idea.. So surely I have to possible scenarios for this end.
Bullish scenario:
If BTC breaks 18630 upwards that means we have a double bottom pattern as I drew with a blue path for you.
Buy/Long position at: 18700
Take-Profit at: 19300
Stop-Loss at: 18400
Bearish scenario:
If BTC breaks 17630 downwards, a harmonic pattern will be activated.
Sell/Short Position at: 17500
Take-Profit at:
Target 1:16900
Target 2: 16450
Target 3: 15850
Stop-Loss at: 18000
I hope you enjoy it.. This is my idea.. What do you think?
GBPNZD - Flag breakout in MN timeframe - Sharp drownIn my opinion, GBPNZD has formed a flag pattern in the monthly time frame, which after its breakout and pullback to Break-Even Point (BEP), we will see a sharp drop in it.
USDCAD, if break PRZIf Price can break orange PRZ (upper line of Fork + Trigger line), can comeback to up until upper Alarm line, like green Arrow.
I can not and break lower line of Fork, goes until lower Alarm line or more.
Notice: The first scenario (LONG) is more possible!!!
CHFJPY, Short M15, if break ...If price can break the parallel Channel & the lower horizontal line of Pitchfork, it can touch the lower targets(Dashed lines).
Notice: The first Dashed line is more possible.
If can not break: we will have a +Divergence & Rise, like green Arrow.
Btc/usdt - What to expect?Hello dear traders.
The previous idea worked 50% - but not 100%.
I confess - I am not upset, since the profit is taken at 50%. Taarget 2 - we closed with our hands at the same level as the first target was. Since there was not enough $ 5 to the second point. (You can look at the previous ideas. with perfect working off at 19450-19620)
What I expect is a decline. To what levels I have shown you.
Further - the margin on the bitcoin-dollar price chart = 1300 points.
Get ready for a major crash and correction.
There are much more price movements upwards than downwards.
Well, the number of longs.
ALL arrived and have a nice day!
If today the price is fixed above the price - 19,200-19280 - we will have an increase to 20,000.
If it is below18950- 18900, wait for the lower border to be updated - 18250 - 17200.
