(FYI MY POSITIONS ARE AT 23.9K) If I miss it I miss it, oh well
Positions
Potential positions; 18.2k & 23.9k
18.2k broke a few weekly candles, this isn't good at all but with a good position everything will be fine right? well we will see
If we get into a position at 23.9k and the weekly stays under 18.2k I can promise we can make profit but if it closes above 18.2k then that's when I get confused with a miner bullish thesis. Once bulls close weekly/weekly's above 24k then ill have a major bullish thesis but I highly doubt till happen.
We need weekly's to close under 18.2k and when the last weekly closes under 16.1k then that's when we see a +20% fall
closed at brake even, my short was 24k and im out sadly.
waiting for 28k-31k or let a daily close under 24k again then ill re enter.
Comment
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31k-33.5k is resistance
(MY SHORTS ARE AT 33.5K)
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the monthly an weekly's stayed under the 1.618 fib also under the resistance at 28,260.
I canceled my orders at 33.5k, sold all my spot and still thinking about if I should start shorting.
my plan: lets just say my position is 1 btc short, im thinking of shorting .5 btc around 28.3k ish and get the next .5 btc once a 1D closes under 24k or wait for a weekly close under 24k to enter the rest of my position. It all depends on pa
THE MOST IMPORTANT THING IS CANDEL STICK CLOSES
ill update when I start, I haven't made a move yet
How do you have planned the short if daily closes below 24k then when you will enter in trade? scenario 1: daily close below 24k and its directly 23k next day and you enter short and its start moving upward?
Jack-Strainer
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@ATH_Buyer, 24k is very strong, the weekly still hasn't closed above it but the 12hr & 1D have been holding it very well. I held my short throughout it all without even taking any profit because I didn't think 24k could brake but with time it broke, meaning its bullish till broken.
lets say we drop a 1D under 24k then id re enter a short @ 24k and only 24k then id wait for a 1 week close back under 24k to remain bearish. If 1D closes under 24k and it heads down to 23k right away I would not recommend getting into a short at 23k or on the way down.... why? because it could go right back to 24k for the resistance touch or even brake 24k on the next daily close and if it brakes a 1D back above 24k then we have a position at the strongest level and we can get out at brake even and not get any loses.
scenario 1: daily close below 24k and its directly 23k next day and you enter short and its start moving upward?