BTCUSD / Upcoming fake pump then dump / 6750 -> 6500 -> 5xxx
I have a slight feeling we are about to see a fake pump then dump to break 6500 support zone.
5800 and lower incoming.
If it fails we'll bounce and see 7k.
Just a few hours ago the % of long/shorts was 70/30 and within a few hours it flipped and is now 50/50%.
I havent seen it change that fast before. (Usually there are always more longs than shorts, by about 10-20%).
5800 and lower incoming.
If it fails we'll bounce and see 7k.
Just a few hours ago the % of long/shorts was 70/30 and within a few hours it flipped and is now 50/50%.
I havent seen it change that fast before. (Usually there are always more longs than shorts, by about 10-20%).
Comment:
....5600 fill in zone is most likely, btw...
if we go lower than that we're heading to 4k levels. which will be yearly bottom. i dont want to say yet if thats possible. id rather bitcoin held above 5k permanently....
if we go lower than that we're heading to 4k levels. which will be yearly bottom. i dont want to say yet if thats possible. id rather bitcoin held above 5k permanently....
Trade active:
so luckily i called it almost 100% perfect, but nobody can do exactly 100%.
I got in my trades at 6650, 6675, and 6700 within 2 hours of my post.
it then went down. i did not get my 6750 or 6800 trades in.
btw I also shorted XRP which has potential to drop to .12
as you all saw, 4 hours after my post, we dropped.
we are now at 5800-6100 support zone.
i believe we will be here for awhile before the market will tell us if it bounces or drops more.
i believe we will drop more after a little sideways action and a few fake breakout attempts. maximum 3. probably 2.
fake breakouts will get to a high of 6400 so i lowered my SL to 6450 now. locks in ~5% profit overall.
(there are a TON of shorts that piled on between 6300-6400....they arent going to let it go above or they will liquid8)
i think we will see by sunday. if not, then monday market open will surely move us in some direction if we are still in this range by then.
I got in my trades at 6650, 6675, and 6700 within 2 hours of my post.
it then went down. i did not get my 6750 or 6800 trades in.
btw I also shorted XRP which has potential to drop to .12
as you all saw, 4 hours after my post, we dropped.
we are now at 5800-6100 support zone.
i believe we will be here for awhile before the market will tell us if it bounces or drops more.
i believe we will drop more after a little sideways action and a few fake breakout attempts. maximum 3. probably 2.
fake breakouts will get to a high of 6400 so i lowered my SL to 6450 now. locks in ~5% profit overall.
(there are a TON of shorts that piled on between 6300-6400....they arent going to let it go above or they will liquid8)
i think we will see by sunday. if not, then monday market open will surely move us in some direction if we are still in this range by then.
Comment:
BTW, monitor market and if we are going to sit at this range for more than 12h, I suggest exiting your shorts to lock profit and re-shorting at possible 6400 pump.
exit 5900-6000, re-short 6250-6400
ONLY if market stays here at this range for 12h+ and shows a bit of up/down.
if its continuing to pound down, then no need to exit.
right now we are at a 25/75 long/short split which is INSANE.
market USUALLY rests at a 65/35 to 70/30 long/short split.
exit 5900-6000, re-short 6250-6400
ONLY if market stays here at this range for 12h+ and shows a bit of up/down.
if its continuing to pound down, then no need to exit.
right now we are at a 25/75 long/short split which is INSANE.
market USUALLY rests at a 65/35 to 70/30 long/short split.
Trade closed: target reached:
all targets reached
8.4% average profit x5 leverage =~ 40% profit trade
8.4% average profit x5 leverage =~ 40% profit trade
i have shorts at 6650, 6675, 6700, 6725, 6750, and 6800
i dont think the bulls can fight that high but it would be great if they did :)
right now the bulls are hardly able to fight to 6625.
i might have to lower my shorts to get in this thing ;/
TP1: 6400 35%
TP2: 6000 35%
TP3: 5800 30%
SL: 6988
re-analyze at 5800 for shorting further.
I will lower stop-loss to TPs as we go down.