Please, only short-term trade ⏱️ with very tight stop losses! Threat is to the downside. 👇👇👇 This is a countertrend trade. 🚨 For experts only! 🚨
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Exit position in less than 11 hours or if Stop Loss gets taken out.
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Correction: Bottom of Trading Range was actually $6028... the drop below Bottom of Range was the Shakeout.
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Macro view... possible last-minute support on 200 Weekly EMA.
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Spring in process... Now, consolidating under Last Point of Support!
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Debating on whether I want to take profits on short-term trade... Looks like Bitcoin is still in process of "Sign of Strength" phase. Decided to just Trail Stop Loss below "Last Point of Support." Trade is in Profit. I need to go to bed 😴😴😴 As a trader you DO NOT GET PAID FOR YOUR TIME. You get paid to make the right decisions! ✌️
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Woke up this morning to see price above Trading Range! This confirms "Sign of Strength." Moved my Stop Loss to 50% of Trading Range (below $6,170).
Trade closed manually
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You never lose money by Taking Profit... 👌 Just looks "toppy" at the moment with Strong Bearish Divergence. WIll reassess if it breaks above resistance. 🚨 Threat is to the downside. 🚨
@JoshY013, Thanks. This is my Junior year of trading and I'm finally getting more confident. 😅 I noticed when I started blogging charts on TradingView... my skills developed further and I take less risky trades. I'm not perfect, but it's fun!