bagofXMR
Short

thou who don´t try, won't achieve it

Oscillators divergences.
No retail follow up of a 300% gain in 3 months.
Sentiment change - bullish exhaustion.

Short now.
Increase size/risk as we go up, up to 11.7k.
Pay attention to 9.3k level, once reached tighten stops.

Stop: 11.9k-12k
Target: 8.2k


Secondary target: 6.2k-6.4k (let a portion of your position ride down here with a stop at 9.3k)
Comment: Short again.
Entry 12.6k
Same target. Same play. We are going to play this as a short squeeze.
Stop new highs.
Comment: Placing a stop in profits at 12.4k, not going to let this trade turn into a loss.
Comment: No shame on being wrong.
Try again.
Comment: Okay this is going good. Halfway to target. Key level here 10.6k-10.9k
Targer remains 6.6k, trailing stop down to 11k after we break 9.8k
Comment: Halfway to first target***
Comment: Got to first target, trailed stop down, and got stopped out.
Reentering on new lows.
@bagofXMR Nice chart
Reply
So you shorted all the way up?
+1 Reply
bagofXMR CoinDreamer
@CoinDreamer, I shorted 5.8k, 7.8k, 8.6k and now 11k
I sold all my spot at 8.2k and 9.8k (50/50).
I longed 3.4k and 4.1k though.
Its relevant to understand how my trade/invest in these markets that basically my whole net worth is in this, thus my "neutral" position is 100% long. Probably relatively to my net worth I made much more money on the way up than 99% of cryptotraders/investors.
Reply
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