ridethepig

High of the Quarter?

Short
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
πŸ“Œ ridethepig | BTC High of the Quarter?

A short iteration update here after the wild moves cleared the board and left a lot of confusion behind. The beauty of abstracting to volatility trading, or elasticity trading or trend following is that you take all of the noise in the inner waves out, and just trade time and probabilities.



Well done all those who are already short from above and managed to book some profits on the test of 46,000. For those looking to add back to positions or jump in then all we need to do is trade in our window and capture the overlap. A daily closing below our $55/54,000 pivot is contentious and shows buyers are exhausting. A pullback towards the 42,000 Tesla breakout looks in imminent, before we can ultimately gather enough energy for another slingshot.

Thanks as usual for keeping the feedback coming πŸ‘ or πŸ‘Ž
Comment: A quick chart update here after a very good day... I love trading BTC... the swings are truly epic.

πŸ“ Twitter: https://twitter.com/ride_the_pig

πŸ“ Telegram: https://t.me/ridethepig

Comments

Thanks for the chart!! Could you please have a look at ADAUSDT as well?
100coins
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u truly are a brilliant. thnx a lot and keep it going
+4 Reply
Great analysis.. Thanks for sharing your ideaπŸ€—
+3 Reply
Very well written
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would you like to update gold?
Reply
Really well well done! Great!
Reply
Awesome stuff.
Do you think the bottom's in or full $42k target gets hit?
Reply
Wonder where this is going to end, seems like we havent hit the floor yet.
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agree i think the same
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