aurie
Short

Little short term banger

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
171 7 1
6 months ago
I shared this on the chat earlier but just wanted to revisit it here as it was really clear.

Just look at the setup - lower highs on decreasing volume . The is usually a sign of no demand. Beautiful confirmation signal with the failed retest. Straight wick and down, no pain. Was damn near stopped out but that how you load up your position with a tight stop. People who are good at this could have halved the risk here for a high expectancy shot.

It's coming back a bit and I'm looking at it again. Little pump on decreasing volume . Would prefer to let this trade work than take it here. Still looking bearish to me. Taking profit around 3605 but still targeting 3550 as the reason we took the spot.

Let it play.
6 months ago
Comment: Ah, looks like I published the precursor to this trade privately.

Here's the private link if you want more background on this trade:
Bitcoin FOMO: Tips for hittin
6 months ago
Comment: Oof. There's some range put it in at our LFT stop. 3605 was close but the range just gave us 3610. A break there would be my limit for anything still riding.
6 months ago
Comment: Well 3610 looks okay now if you didn't take. Would have been a tough call there though, some probably had to come off.
6 months ago
Trade closed: target reached
6 months ago
Comment: Bit of a scare there but boom. 10R banger. Big winner you could even leave some on.

Related Ideas

aurie
6 months ago
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Quick update with some new patterns forming up. Result should be fairly indicative of where we'll head from here.
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aurie aurie
6 months ago
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Good breakdown there. Pretty much exactly what you're looking for. We'll see soon enough but could be bearish continuation
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aurie aurie
6 months ago
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Getting really micro here looking for a leading edge. Lots of different things converging here that seem to have us stuck.
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aurie aurie
6 months ago
Weren't able to stay below that trend line but looks like this bearish channel has a bit more weight than everything else. Might be dragging us lower though everything still looks in play.
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aurie aurie
6 months ago
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This is what I'm looking for to stay sold on the trade.
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aurie aurie
6 months ago
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Boom took a while there we go. New lows
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aurie
6 months ago
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Here's that last chart.
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