valentynestad

short for required pullback

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
markets need to be orderly and stable, so we need a btc pullback now. shorting until at least below 6660. probably lower but need to play conservative in bull markets. my short entry was @ 7770 btcusdt . not best but good enough for govebernment work.
Comment: The market was actually at 7200 when I first called this play in the chat. https://www.tradingview.com/chat/m/fb9ad... I didn't take it because I was eyeing an alt play.
Comment: (take it right then)
Comment: (currently the comments are timestamped 6 hours ago)
Comment: Correction: btcusdt market was @ $8,200, not $7,200 as stated above, when I called strong pullback.
Trade closed: stop reached: I was banned until now so I wasn't able to update this. Of course, the alt I was eyeing was eth. Right when xrp rose from the ashes I predicted it would be next. https://www.tradingview.com/chat/m/a4f73... https://www.tradingview.com/chat/m/1b21c... But if eth rises it can bring interest to the market as a whole, so that's why I should have gone long eth and recognized that the pullback I predicted at 8200 was nearing the the downside target, which is not lower in a bull market but merely the low of the range.
Comment: (eth went from 203 to 240)
Comment: and now idea becomes true. just needed a little more time.

Comments

Do you think the H&S pattern will breakdown?
Reply
Hi @lpninja. H&S? I didn't see or foresee any H&S patterns. Right after we hit $8300, I correctly predicted a double top formation, following by the mandatory pullback to 6610:


https://www.tradingview.com/chat/m/5f2915b9-4b01-40d9-8d5d-828fdf43a890/
https://www.tradingview.com/chat/m/6b4bd34c-ef72-4928-9f09-eda05fafc17a/
https://www.tradingview.com/chat/m/4aa68754-f9ea-4f5d-9f13-0362cf4f3e52/
https://www.tradingview.com/chat/m/d1770bdf-5904-4dfb-afbe-dd00899948bd/
https://www.tradingview.com/chat/m/f52ea980-ffa6-4947-bcf3-85fa0651330a/


I was actually filled at 6666 not 666x10, so my predictions were not exact by any means. (I am using kraken chart here because binance was down and their charts are now not that useful since the charts don't show time gaps.) The bottom was actually $6200 on one exchange, and kraken was completely unusable during and even after the pullback.
Reply
lpninja valentynestad
@valentynestad, thanks, well done
Reply
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