Dear Gamblers,
BTC have traded up for a while, and right now is testing the bullish line.
What can we expect? A close today below the trendline in blue (around 6780) could mean a reversal is likely to occur, heading 5900 target.
I am looking a formation of Hs's again. Which could mean that if the signal is validated, we could be heading downwards to 5900, and after have a pullback around 6780 again, but that i let it to the future.
STRATEGY:
Open short if today's candle close is below 6780.
Target 5900 which I will have already in place longs targeting the left shoulder high around 6700.
Stop @ 7600 which will invalidate future analysis of this Hs's formation.
Positioning as always 5%.
I really believe we are headed to a severe correction in all assets as the recession/depression is more than a reality.
Have a good one people and stay healthy,
Kind regards,
BeniGo
***I am not your financial advisor neither I intend to be, please do your own research before risking your money***
BTC have traded up for a while, and right now is testing the bullish line.
What can we expect? A close today below the trendline in blue (around 6780) could mean a reversal is likely to occur, heading 5900 target.
I am looking a formation of Hs's again. Which could mean that if the signal is validated, we could be heading downwards to 5900, and after have a pullback around 6780 again, but that i let it to the future.
STRATEGY:
Open short if today's candle close is below 6780.
Target 5900 which I will have already in place longs targeting the left shoulder high around 6700.
Stop @ 7600 which will invalidate future analysis of this Hs's formation.
Positioning as always 5%.
I really believe we are headed to a severe correction in all assets as the recession/depression is more than a reality.
Have a good one people and stay healthy,
Kind regards,
BeniGo
***I am not your financial advisor neither I intend to be, please do your own research before risking your money***
Trade closed manually:
Dear Gamblers,
Yesterday's candle close was not quite as expected and the bullish line got respected. There's a lot of uncertainty that's why i closed this idea.
I see no reason to risk money when one of the main triggers got invalidated.
Same logic applies if today's close is below this line.
Regards,
Yesterday's candle close was not quite as expected and the bullish line got respected. There's a lot of uncertainty that's why i closed this idea.
I see no reason to risk money when one of the main triggers got invalidated.
Same logic applies if today's close is below this line.
Regards,