Previous fractal failed. Short to 10,500 then swap to longs.
Approximate path 10,500 > 11,800 > 11,200 > 12,500 then down.
Marked as short for the first leg down. Will then re-do if this plays out.
My average entry for short = 11,377.
Approximate path 10,500 > 11,800 > 11,200 > 12,500 then down.
Marked as short for the first leg down. Will then re-do if this plays out.
My average entry for short = 11,377.
Comment:
Stop moved to in profit 11,277 = 22% profit @25X margin.
Comment:
Note as per image above, have amended slightly. Looking for the elusive double top again! From there we have a 85% chance of going down; 15% chance of testing close to ATH.
Comment:
Started taking profits at 11,700 (>500% ROE on Bitmex), we should still wick down to around 10,550 in the next few hours where I have around 25% of my trade still waiting to cash out. Stops have been moved well into profit at 10,985 (from 11,377 entry).
Comment:
Just had a nice wick down to 10,600 and closed the rest of my shorts from 11,377. Most of my longs were picked up at 10,600. I still have longs down to 10,480 and think we will at least see 10,550; but that could (stress the word 'could') have been it. Looking to take profit from longs around 11,750-11,850. Stop less set to 10,350.
Comment:
Target for short closure, long entry met.
Longs filled with average price of 10,587.
Trade closed: target reached:
Short target reached. New analysis for the next long leg.
