AlphaMex

Finally, we're clear to short

Short
AlphaMex Updated   
BITMEX:ETHUSD   None
This is a very important rejection to me. shorted.

If something wrong again, I need to rebuild my strategy in this market.
Comment:
still I think shorting in here is also very dangerous, because the bottom is getting higher and higher, the onlything we rely on are the high oscilators and a rejection wick. If this is a bull market, eventually we will melt up. If that's the case, highly possible to trend to the high 5k with this kind of sentiment. If I got this wrong for this time, I will buy every dips in the next week, to see a pushing up thrust.
Comment:
What makes me unconfortable to short this is that the low volume rejection + higher bottom, even I am right, this is still very dangerous move to trade. So I think we should probably prevent trading things like this in the future, or trade with a acceptable cost.
Trade closed manually:
Closed this is a bear trap!!! no volume wick != rejection.

Achieve every thing but stay discipline
从心所欲不逾矩.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.