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ergash1982
Aug 5, 2021 12:40 AM

Short again I think, looks weak Short

Bitcoin / U.S. dollarBitstamp

Description

Short, looks weak to break, look at my other ideas.

Not financial advise
Comments
epiclegendaryman
Legend my friend. Absolutely right. We are not out of the woods just yet. I believe since the market is out of it's mind in general, we need another EUR20k 23K tap as a final confirmation that we are done with this correction. Otherwise, it could get ugly and go sub 20K in which case - long-term damage control, which benefits no one, not even the wealthy billionaires, for it is in their best interest to keep it sideways with a 20% weekly volatility range. Adjust and overcome. This is one ride people need to be prepared for. Safe trading.
Eloquent
great work homie,

i'm eyeing 40.5k for a short myself

target = 35.5k
ergash1982
@Eloquent, thanks, my previouse idea was to 40500 to 41000, you might be right could go up to there
Eloquent
@ergashibragimov1982, i think we get there for sure

ergash1982
@Eloquent, could happen if bulls protect the 39000 barrier, right now looks like they are trying to do that
Eloquent
@ergashibragimov1982, i'll short it if we get there, till then i observe
ergash1982
@Eloquent, great good luck :), i went short at 39850 and stop loss at 40100 just in case it breaks it and decides to go higher then ill go short again :P
Eloquent
@ergashibragimov1982, i scalped a little 20x short when it poked the 0.50%; but i'm not very much convinced it wants to fall yet

despite it looking extraordinarily weak, deep down i feel like it's a trap lol
ergash1982
@Eloquent, made a bull trap, but might make a bear trap also and then go up or it will fall further to test 36000 area, we will see what will happen
Eloquent
@ergashibragimov1982, i jumped into a little long at 38k, stops right beneath

feel like this move down right now is a stoploss raid; could be wrong, but it kinda feels like it
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