Hello, i like trading downtrends more then uptrends. This is for Day/swing Trader.
This is my setup for the coming downtrend.
I expect deadcat bounces at 30k and 20k which could be good daytrading entrys. basically long green curve and short red curve until 10k.
After all, this structure is one of "many" as we are just getting started to drop and theres not much data yet so take it with a grain of salt and do your own research.
~ 10k is -85% from 69k so we potentially go again in a bull market there. (btc often went into another bullmarket after a -85% correction)
Altho i leaning towards that we wont see a bull market anytime soon and will propably drop further to 3k range or even 1.3k.
Big supports are basically: 30k , 10k, 3k, 1.3k
DYOR and only invest what you can afford to loose.
I personally think the bubble is about to burst and that we propably see even worse then the usual -85%
This is my setup for the coming downtrend.
I expect deadcat bounces at 30k and 20k which could be good daytrading entrys. basically long green curve and short red curve until 10k.
After all, this structure is one of "many" as we are just getting started to drop and theres not much data yet so take it with a grain of salt and do your own research.
~ 10k is -85% from 69k so we potentially go again in a bull market there. (btc often went into another bullmarket after a -85% correction)
Altho i leaning towards that we wont see a bull market anytime soon and will propably drop further to 3k range or even 1.3k.
Big supports are basically: 30k , 10k, 3k, 1.3k
DYOR and only invest what you can afford to loose.
I personally think the bubble is about to burst and that we propably see even worse then the usual -85%
Comment:
I also think this pitchfork setup will be worth gold in the coming months as a Daytrader and i recommend taking a look at it.
setup is 0.4; 0.5; 0.6; 0.9; 0.1 (and optional 0.75 and 0.25)
The price should go ping pong betweeen theses pitchfork zones until we reach 10k.
setup is 0.4; 0.5; 0.6; 0.9; 0.1 (and optional 0.75 and 0.25)
The price should go ping pong betweeen theses pitchfork zones until we reach 10k.
Comment:
This is still intact, altho curves are drawn propably too steep
Comment:
i believe local top is in. should be only downwards from here. if not this downtrend structure is likely invalidated.
a middleway would be longing 27.7k (absolute bottom of 30k supp range) with sl 3% below...stoploss is essential on this trading setups.
maybe its best to not participate on dead cat bounces but to only short resistances.