Break out of the descending triangle with a medium volume.
Rising open interest shows the strength of the current trend.
Risk: 3805
Target: ~3550
Order cancelled
I decided to zoom out since there is too much noise with many orders being liquidated. Putting stop orders:
LONG: >= 3821
SHORT: <= 3771
Trade active
We did make a move downwards, however, the dead cat bounce is concerning. I continue aggressively shorting to 3500 area.Even though it went shortly below 3700 - it hasn't broken it yet, so stay cautious.
WARNING: Whales continue to manipulate prices and accumulate more BTC.
So think strategically like them to succeed.
Trade closed manually
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.