Playj
Long

BTC hourly consolidation Bull break

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Looking for hourly consolidation to remain intact.
Break in vol was one big thing i liked
will stop out if hourly is broken
Trade active: stopped reached on long longer term time frame we could see lots of downside here i hedge my bull entry with a leveraged short this could be the top on a failed hourly breakout with decreasing bull vol followeed by largest hourlly candle being hearish
Trade active: STILL SHORT .14 BTC AT 8050
tried to reenter long a few times unsuccessfully
we still have a lot of downside if this is a daily consolidation pattern or end of the daily uptrend
Trade active:
still think an entry long could be good here
we have an hourly uptrend broken failed breakout decreasing bull vol and now were slowly bleeding
Comment: Also just reentered a long at 7802btcusdt on binance. Will stop out at low of the 5 min candle
Trade active: went long on hourly rsi breakout of trend line
closed my shorts this thing could go big !!!! if ETF passes OMG
@Playj Buddy cool strategy. I think everything will work out. I will follow you, interesting how it will end
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Playj IgorPorokh
@IgorPorokh, thanks man. I'm still currently short at 7850 this could be the 3rd wave of a pull back if so we should see further downside and with the over exuberance breakout for a lot of shit coins we could really start to see some dives by coins without current or practical near term use. When that happens we swe transfer from alts to btc then if btc also pulls back we get a double whammy so to speak. Now we could see a much different correlation between btc and other coins with alts diving and everyone holding btc.... Who am I kidding charting is human emotion mathematically graphed. We will get a panic when alts bleed
+1 Reply
closed short entered long long stop at break even could add o a continuation down for a short but really dont like that trade if we make another leg down on rsi we will beoversold another reason i closed short. the double bottom rsi on the 5 min as well as the bull divergence and highest 5 min candle in a long time and it was a reversal candle
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@Playj, also took half my short off
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@Playj, looks like we may have reached a top here sold my long added some to short
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