Rising bearish divergences on minute timeframes, and test trendline since ath to 52k local top.
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open limit short at 40.9k.
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Scalp trade long opportunity at retest line ~50k, lots of bids there atm. If your taking it, be sure to set a tight sl. Gl
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opened market short at 49.9k
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for the first short I meant 50.9k instead of 40.9k.
Trade closed manually
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closed short from 49.9k at 50k, opened long at trendline ~50k
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Placed sl for long at 49.5k jic recent wick to 49.7k was not the end of capitulation. That wick hit a 1.618 fib target. Noticing weird behavior on the order books.
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add more to long limit at 49.6k as it could be the end of wave 5 impulse.
Trade closed manually
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closed long at 50k
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entered limit short at 50k, will stay in this trade. original short adjust to 50.7k, same sl and tp as noted on the idea chart.
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Noticing lots of sell orders on the way up to 50.3k. Looks like someone doesn't want a short squeeze.
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I expect this to be an 8-16 hour long fight near 51k. The region that may or not disprove many models
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We might get a giga pump to 54k-55k soon. Lots of money waiting on the sidelines either to fomo in or cash in on the crash.
Trade closed: stop reached
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The pump came, short stop loss triggered
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Looking back, I should've went long instead since we've broken the the 50% fib retracement of the c wave of abc corrective wave from sept 6 to sept 21st @ 44.5k on both Sept 23rd and Oct.
Also, I should've stayed up all night to close my short after we'd skyrocketed past 52k back up to 55k after the minor correction from 51k to 50k @4am est.