We’re largely overextended in momentum and I am setting this up as a intraday scalp trade. Looks like we’re about to enter KC. Pullback imminent.
I am extending my position and have been dollar cost averaging for several months now.
Momentum downward has come to a slow down. This was my one long play. Very nice pull from this trade.
Nothing gained, nothing lost. Momentum wasn't there for this trade. Still made 20% each on BNB and BTC. I will always admit when I'm wrong. Definitely potential for a swing downward, but I'm going to play it safe.
Another scalp trade. Lovely return in under 2 hours. I am pulling out to realize profits. Further momentum down is very much possible.
This was a scalp trade that was beautifully executed. I know there is potential for downward movement, but I have a principle not to be greedy.
We have double topped at .51 USDT. Momentum in the entire crypto market looks like it's about to make a huge reversal.
We're retesting the 200-day are well over the KC and I believe this breakout in the macro environment is a signal to a large sell off.
I believe this extreme shift in momentum is the preface to a large selloff. Momentum is starting to thin upward, we're about the 200-day and I believe we'll retest downward at some point. This is the start of several different positions I'm opening.
This is a cross margined trade I am opening up. Even though we're in deep consolidation I believe there is a buy wall above 1,600 USDT. Momentum upwards has also slowed, so I am entering my position. This will be an intraday strategy.
Scalp trade initiated for this extremely overvalued position.
There is potential for a further move down, but as I state in many of my posts, I'm not trying to be greedy. This was a great pull for a trade that last 28 hours. Momentum is starting to pullback.
We might see a small move up from here, but I'm expecting to close under this level of support the current price is sitting in. Momentum upwards is extremely overextended. I may add on to this position. This will be an intraday position.
After the Jackson Hole meeting we've now seen the DXY break into new decade highs. Looks like we're going to continue to see a move upward. Our Federal Reserve is now calling for interest rate hikes up until the end of 2022 and for the year of 2023 a rate of 8% for the entire year. Good luck, let's hope we can make it through this in one piece.
I am basically breaking even on this trade. I got in way too early. This has been a long hold for about 2 months now. I wan't properly tracking this position and it was a small hedge in my portfolio. Looks like a double top is on the horizon, so getting out while I'm ahead.
This is a long term play. 1-6 mo. If we do see a swing I'll realize profits to break even, but continue to hold the rest.
This will be a long term hedge I will be keeping. My accumulation range starts here. 1-week chart is also showing a potential crossover of the MACD.
All eyes on the U.S. Market today. Huge momentum shift downward happening.