[BTCUSD] We are repeating... and you are missing it - part 2
This is an update from previous idea, yesterday was a classic example on a shakeout in a bullmarket, intended to #rekt over-leveraged traders and scoop up cheap coins on discount. A field day for the whales.
I am still in long position, I scaled down a bit quickly after breakdown, but reentered again after evaulating how the breakdown was doing. I have since then added additional to my long position, but with a better average then before.
Updates to the chart:
Maybe the intention in the 4th section of the move was not the rising wedges formed, but a slightly tilted upwards trading channel formed after the final extreme peaks of the breakdown in the correction channel. This is what I am looking at now at trading after that accordingly.
Worried? Not at all, you have to adapt to what is unfolding on the charts, I like how it looks from here, and BTC is still bound to take over soon. Slowly adding onto long position. I am expecting the actual upwards move to be at the latest 2-3 weeks from now, but can happend at anytime until then. If we break down below the current trading channel outlined, then we will have to re-evaluate once again.
Questions? Let me know.
I am still in long position, I scaled down a bit quickly after breakdown, but reentered again after evaulating how the breakdown was doing. I have since then added additional to my long position, but with a better average then before.
Updates to the chart:
Maybe the intention in the 4th section of the move was not the rising wedges formed, but a slightly tilted upwards trading channel formed after the final extreme peaks of the breakdown in the correction channel. This is what I am looking at now at trading after that accordingly.
Worried? Not at all, you have to adapt to what is unfolding on the charts, I like how it looks from here, and BTC is still bound to take over soon. Slowly adding onto long position. I am expecting the actual upwards move to be at the latest 2-3 weeks from now, but can happend at anytime until then. If we break down below the current trading channel outlined, then we will have to re-evaluate once again.
Questions? Let me know.
Trade closed manually:
We got Elon-Musk-Rekt with a sudden negative Bitcoin tweet, ridicolous as it is, we had to act. Closed margin after breaking 53,5k, I was buying the panic below 50k and opened a new long from there. Got Binance-Rekt aswell as they had "sudden issue" when I was trying to stack up at 46500$, manipulative AF, only algoritmic traders gets through at that point.
It is what is, I got out cheap as I have navigation when taking the trade.
Now looking for new opportunities while slowly nimbling in during the dip.
It is what is, I got out cheap as I have navigation when taking the trade.
Now looking for new opportunities while slowly nimbling in during the dip.
