- Sell drying
- bounced above 2015 support and leaving oversold zone
Long now, and then short the fomo when 50 and 128 MA weekly death crosses (yellow, blue), at 5200 target by week of april 22.
Long idea invalidated if a weekly close below 200 MA occurs.
Short idea invalidated if a weekly close above 6500 swing high occurs.
I've manually closed all margin longs, and i'm unloading my spot bags here till 5200..
Lets see if the sell fomo part plays out, wait for confirmation of weakness when death cross happens at 5300.. be carefull because it could go up as high as 6000, so it's important to see weakness signals before opening a short, use tight stops, or a small leveraged position so you can add all the way up to 6k.
Due this, i'll handle this escenario: boring sideways hitting stops for longs and shorts, then a wick just into the death cross for the big jump into abyss.
Account fully hedged, and small fraction (1,6x measured in usd) of the short opened sitting at 5260, looking to increase and scalp for a price improve if this boring sideways plays out.
I'll create a separate idea for shorting when i feel it's the time, possibly when the death cross comes if we are not far above from that price.
Easiest short ever
tight stop at 5200, very good potential profits and probably we are just at the local top so you won’t see 5200 any more in a long time.