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LuckyTrader102
Dec 1, 2020 12:13 PM

BTC IS ON FOMO or TECHNICAL ANALYSIS? Short

Bitcoin / TetherUS PERPETUAL CONTRACTBinance

Description

Since I knew about BTC, I still see BTC in the right technical analysis. In some special cases, the FOMO occurs, leading to erroneous technical analysis, but in the end it still returns to its original trajectory. Some traders say it's the kill margin, and the hunt stoploss of the whale shark. No, if whales buy, there must be whales to sell, if there are winners, there must be losers. That is the inherent law, no one can control the market in the mid-term trend or up.

Analysis below is an example.

Short: 19900
STOPLOSS: 19990
TP: 18550 - 18840

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Original chart:

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Reached confirm entry short

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Reach TP zone:

Trade closed: target reached

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One case can happen :)

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Case 2:


With case 1: We buy at D
With case 2: We sell at D

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I am not sure which case can happen now because we need more infomation. But we win at least 800usd now :D

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+550usd next short wave now
Comments
PinkCryptoVN
Minh da nhin thay flash crash nay o tren san Karen hom qua va minh da shorted no o muc gia 19.8k. 16k is my target now. That is where the CME gap is.

LuckyTrader102
@PinkCryptoVN, Maybe target should be 17250 firsy :)
PinkCryptoVN
@LuckyTrader102, Thanks. :)
LuckyTrader102
@PinkCryptoVN,

One case can happen :)
LuckyTrader102
@PinkCryptoVN, +1300usd 2 small waves
shimmeringpath
I always assume there is stop hunts happening ! Sometimes that is the case and that's why I am very cautious . Good chart as always.
LuckyTrader102
@shimmeringpath, Thank you, sorry because i can not push it soon. Its for members
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