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AlphaMex
Apr 19, 2019 3:20 AM

The reason why I shorted the 5.2k Short

Bitcoin / U.S. dollarBitstamp

Description

This is an experiment.

As I predicted at the 3.2k, we will go to 5.3k:



Now I am shorting from 5233 area because the fibonacci is 0.618 in 5300, and the rejection confirmed my theory.

I can show you how this theory works:

after the first selling from 20k:

we have
1)

2)

3)

4)

5)


Totally 5 times hit the 0.618 level as a reversal. So, I posted the prediction from 6.4k->3.2k then back to 5.3k.

And today's price action confirmed the rejection from 5.3k.

Also, my rainbow ribbon that held the 6k as support also laying on 5.3k now.


Stop loss with 5% loss.

Comment


I closed my shorts because of daily doji

Comment

great, I shorted the 5333 again

For this stop loss hunting fake out.

Comment

Fine, I close my short from 5333 also. Way too tricky to short. Stay away from this market and come back later when it's clear.

Comment



I found another fibo...

shorts closed, flipped to long. Stop loss at 5k

Comment


long closed, waiting for the rising wedge break to short.
Comments
BorisPoff
“closed my shorts because of daily doji”

“great, I shorted the 5333 again”

“Fine, I close my short from 5333 also. Way too tricky to short. Stay away from this market and come back later when it's clear.”

“shorts closed, flipped to long”

“long closed, waiting for the rising wedge break to short.”

That’s all within half a day...

Your signature says,
“Achieve every thing but stay discipline”.

According to your published trading activity you neither achieve everything nor there’s any sort of discipline. Looks more like flip flopping based on momentary price action. May I recommend “Bitcoin Flip trading game”? It’s available for Android and iPhone. Very entertaining.
AlphaMex
Sofsayen
Alright lets buy some BTC!!
AlphaMex
@Sofsayen, Hmmm another rocket boy...haha jkjk
LA_TRADE
get ready for chinese shorters :)
BorisPoff
What is not clear ? Accumulation is at full speed.
AlphaMex
@BorisPoff, how did you know about that?
BorisPoff
majic92
@BorisPoff,this is not accumulation but redistribution, the boat will sink soon.
BorisPoff
@majic92, Soon(tm) When?

99bitcoins.com/bitcoin-obituaries/

If only I had a dime every time “boat will sink soon” was mentioned.
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