On our last trade, we have shorted from 2250 and closed at 1975. Locked-in profit of 275 pips. Risked 50 pips.
Now, we are short-term longing from ~ 1980 to ~ 2160 . See explanation in chart.
Stop-loss = 2/1 trend-line ~ 1940. In this trade, it is a must to honor the stop-loss, because if we are wrong, it may get very ugly.
P.S. Upon resolution of this trade, there are strong reasons to go down, based on the fundamentals and macro-scale TA. For more info, read-up on my previous charts, where this is explained in details.
Bottom shorters will serve as a fuel for us... once they realise what they've done :D
Happy trading! :-)
It's not according to the analysis, but analysis didn't count with this extreme btc action.
Btc seems to have topped.
Very painful trade. I ignored my stop-loss because the btc move was very unpredictable and ETH did not follow with enough strong to confirm entering doom phase yet.
So I did manage to scalp some on bounce.
Here I am going all in long at 1900, also bought spot!
Good luck everyone, I feel strong about this!