- We had an upthrust through the trendline resistance dating back to Dec
- We have our two consecutive lower closing price on 15 mins chart - My opinion is the price has been rejected by this level. This should be valid until we close above $11652
- I am short term bearish
- First buy zone is based on 1.618 fibonacci extension of the previous leg to the downside.
- Second buy zone is based on 2.618 fibonacci extension + .236 retracement from the low of ~$6K
- We have our two consecutive lower closing price on 15 mins chart - My opinion is the price has been rejected by this level. This should be valid until we close above $11652
- I am short term bearish
- First buy zone is based on 1.618 fibonacci extension of the previous leg to the downside.
- Second buy zone is based on 2.618 fibonacci extension + .236 retracement from the low of ~$6K
Trade active:
accumulating at minor pullbacks
i am bullish now
i am bullish now
Comment:
Keep in mind the buy zones mentioned are still valid, i will be laddering my buys
Comment:
I have expressed my opinion on bear vs bull market before, I just want to show why that is again.
From price A to B, a bear market usually travels faster (slope is steeper).
In this case, we would have had made the same amount of $ shorting the downtrend in almost 50% less time! Cmon, how can you not love bear markets?
Why is it the case? Because people panic faster compared to the time it takes for greed to kick in.
I am now bullish because the price action says so.
Nevertheless, I look forward to the next mega bear trend.
From price A to B, a bear market usually travels faster (slope is steeper).
In this case, we would have had made the same amount of $ shorting the downtrend in almost 50% less time! Cmon, how can you not love bear markets?
Why is it the case? Because people panic faster compared to the time it takes for greed to kick in.
I am now bullish because the price action says so.
Nevertheless, I look forward to the next mega bear trend.
Trade active:
Future adjusted buy zones
Future adjusted buy zones
Comment:
Comment:
Someone PM to ask my btc positions. This is me taking some profits from my short position from the previous post
I am not opening long positions at the moment.
Comment:
- Shorted more at $10777
Comment:
Sharing my thoughts with you all
Sharing my thoughts with you all
Comment:
- SL: 10822
- Base price: 10777 (mine is higher since I shorted at the resistance trendline at $11750)
- Target: $8310
R:R is an absurd 54.82
I am playing a big position. This is what high R:R allows you to do.
- SL: 10822
- Base price: 10777 (mine is higher since I shorted at the resistance trendline at $11750)
- Target: $8310
R:R is an absurd 54.82
I am playing a big position. This is what high R:R allows you to do.
Comment:
updated at wrong post, sorry
Comment:
You can buy me dinner @
- BTC: 12L635hTz12ZcwBzdixwKyWYpkpUa5ve8p
- ETH: 0x05f171e02092ce9200779ace56ff1b1411e1ec26
- LTC: LTFr3Jp445vENZUZQopQPoqRgeSyGs36fe
Hope this info has helped :)
- BTC: 12L635hTz12ZcwBzdixwKyWYpkpUa5ve8p
- ETH: 0x05f171e02092ce9200779ace56ff1b1411e1ec26
- LTC: LTFr3Jp445vENZUZQopQPoqRgeSyGs36fe
Hope this info has helped :)
rejected again.
This is no trade zone