we have bearish divergences in both macd and rsi in 4h, rsi bear divergence in daily, weekly rsi extremely overbought, the korea and japan premium vanished, 4h macd crossing bearish, daily macd turning down... And the massive rising wedge breaking down.
I see 2100 almost guaranteed, and 1700 on the table.
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In the previous chart we have confirmed the RSI daily divergence, we have confirmed the MACD turning bearish (first time in over 3 months) and we have retested succesfully the broken trendline.
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The room and the "need" to go down that has this weekly MACD is scary.
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We were short 20 bucks of target. I manually closed 50% of remaining position.
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I'm expecting something like this
Trade closed: target reached
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+20% profit before leverage. Crazy profits with leverage. Now we should bounce, it is what it would make sense. Stay tuned for more ideas ;)
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To follow my insights and decission on this short consider following this idea
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gsrus
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MAN I love your TA, fits my style so much, thank you very much for sharing!
Congrats! You deserved this positive trade after those no so successful btc shorts in the last 2-3 months...;)
etiennez0r
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awesome! where is a good area for returning to long?
bagofXMR
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@etiennez0r, Im not rebuying my old coins before sub 2.1k.
Leveraged longs probably sub 1.8k if reached, or depending on the 2.1k bounce.
etiennez0r
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Isn't ETH in a similar scenario?
bagofXMR
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@etiennez0r, I think so. And potentially more profitable to short it. But where can i short ethusd (i dont want to use bfx)?? So as i can't, i'm not looking at it much.
etiennez0r
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@bagofXMR, you can short it on kraken, i'm doing it right now, but it lags a bit with violent moves
bagofXMR
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@etiennez0r, Kraken doesn't accept me :( They don't accept watermarked documents.