So, I didn't lock in a profit after the last short trade.
I waited for more, as a result the position began to "melt" and I went to zero
(Although he could have taken good money, that's okay.)
I lost nothing and was convinced I was right.
My goal is not 1-5% profit.
I'm looking to enter large shorts with 200-500% PNL (and I've already made three of them recently).
So, some naive people are waiting for a reversal to ATH.
It's not going to happen. What's happening now?
The market is getting ready to cut some bears' stops.
As usual, brutal, cynical and without slightest snot.
What scenario is possible now?
It is some short (a few days) and aggressive assault on EMA200 or even EMA100 line.
I have seen many times, when the candles fix below the cloud, a retest of the lower boundary of the red Cumo is possible, with an attempt to fix above the EMA200.
So I plan to start at 53650 level, then 54500, 55000, and finally 56000, 56500,with 56900 (the last three big ones).
From this level bitcoin will fall to 40000.
Stop 58100.
There is also a big chance that bitcoin will not go higher than 52000-54000 thousand and the collapse of volume flow, which I expect on the 1D chart will happen sooner. In this case, I will enter short positions right on the market, if they are above 50,000.
In addition, there is no clear estimate on the increase in the prime rate from FED,
it seems that the official announcement is expected today.
And I won't play long from 48,000 level.
The reasons are in the monthly chart problems.
I waited for more, as a result the position began to "melt" and I went to zero
(Although he could have taken good money, that's okay.)
I lost nothing and was convinced I was right.
My goal is not 1-5% profit.
I'm looking to enter large shorts with 200-500% PNL (and I've already made three of them recently).
So, some naive people are waiting for a reversal to ATH.
It's not going to happen. What's happening now?
The market is getting ready to cut some bears' stops.
As usual, brutal, cynical and without slightest snot.
What scenario is possible now?
It is some short (a few days) and aggressive assault on EMA200 or even EMA100 line.
I have seen many times, when the candles fix below the cloud, a retest of the lower boundary of the red Cumo is possible, with an attempt to fix above the EMA200.
So I plan to start at 53650 level, then 54500, 55000, and finally 56000, 56500,with 56900 (the last three big ones).
From this level bitcoin will fall to 40000.
Stop 58100.
There is also a big chance that bitcoin will not go higher than 52000-54000 thousand and the collapse of volume flow, which I expect on the 1D chart will happen sooner. In this case, I will enter short positions right on the market, if they are above 50,000.
In addition, there is no clear estimate on the increase in the prime rate from FED,
it seems that the official announcement is expected today.
And I won't play long from 48,000 level.
The reasons are in the monthly chart problems.
Comment:
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looks bad on the 2-day chart.
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That's it! The FED doesn't raise rates for next months. Well...I need more time to figure out whether to go long or short. If I cancel this scenario described here, I'll let you know. I'm cancelled orders. It really can make a lot of difference.
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I am very much puzzled and not touching the market, I can see both up and down. But once again, the trend seems to be broken. I don't like the charts showing a long. Situation on month chart is looming like an axe. However, to make a short from here (46-48) I don't see how. Here's a chance for a major short if bitcoin makes that dead cat bounce to 57000. You could make the best short there this year. Because there will be 30,000 ahead. @BlessedBlasphemer if you follow up.
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Thoughts for 6 hours timeframe
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Not doing anything. Observing. Disgusting movements. Low volume, strange flag.
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the arguments for going long and going short look like complete hokum. Fuck them with this kind of twists and turns. And let them die.