So after we made some very good shorts thanks to so many resistances its time to decide if the bears have won.
Confirmation for reversal market:
1. If we go below 9950 (Symmetrical triangle) and continue the break to below 9850
2. If volume buying power OBV goes below the last low OBV means the buyers lost their volume
3. We already confirmed all the rejections on 4h cloud, sma200, ma200 - too strong, everytime rejected harder...
4. If we go below 9050 it means we broke the descending triangle as well, means we are going to crush towards the first support at 8200...
5. If we won't hold it for enough time then we will see correction towards the 5-7k....
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Hedgehog King!
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Confirmation for reversal market:
1. If we go below 9950 (Symmetrical triangle) and continue the break to below 9850
2. If volume buying power OBV goes below the last low OBV means the buyers lost their volume
3. We already confirmed all the rejections on 4h cloud, sma200, ma200 - too strong, everytime rejected harder...
4. If we go below 9050 it means we broke the descending triangle as well, means we are going to crush towards the first support at 8200...
5. If we won't hold it for enough time then we will see correction towards the 5-7k....
___________________________________________________________________________________________________________________________________________
* If you like what I do, please push "follow" and "like".
* Also if you want live time signals and learn with the community then you are welcome to join here: t.me/joinchat/AAAAAEdUerTNmmk-6A...
* If you want to appreciate my work with spare BTCs then you are welcome to send them to: bc1q8kzn0x8j4dmws00ntuhyma8p4c9jwyj0gzxua9
Cheers, love <3
Hedgehog King!
___________________________________________________________________________________________________________________________________________
Comment:
One important key note I forgot to add, most important confirmation is daily closing candle (so it wont be just a wick), we need to close below 9950...
Trade active:
1. We didn't continue the break to below 9850 = not confirmed
2. OBV didn't go below the last low OBV = not confirmed
3. The rejections still intact since we just had a wick (fake out) and fell right below the resistances, not real break through, if we will break through the resistances with confirmations only then I will agree that we are longing = still valid resistances.
4. As we went below the 9050 with a wick, it was just a fake out = thus nothing happened, thus still not confirmed.
5. Still not confirmed break down = still valid until we confirm and change direction.
* Still important key not is that after we will break down, we must close daily below 9950 (Better below 9850)
2. OBV didn't go below the last low OBV = not confirmed
3. The rejections still intact since we just had a wick (fake out) and fell right below the resistances, not real break through, if we will break through the resistances with confirmations only then I will agree that we are longing = still valid resistances.
4. As we went below the 9050 with a wick, it was just a fake out = thus nothing happened, thus still not confirmed.
5. Still not confirmed break down = still valid until we confirm and change direction.
* Still important key not is that after we will break down, we must close daily below 9950 (Better below 9850)
Trade active:
* I didn't make it to short at 9950, (If I would then only with tight sl), but I did manage to enter a short at 10370 with sl at 10470...
since it was a personal fast action trade, it is not a signal guys...
* Also my short position still valid, if we go below 9950 then I will short with tight sl and wait for confirmations.
since it was a personal fast action trade, it is not a signal guys...
* Also my short position still valid, if we go below 9950 then I will short with tight sl and wait for confirmations.
Trade active:
So far my personal short trade (at 10470) is holding well :)
I will take 50% profits now (at 10052), and will leave this positions with rest of the 50% at sl: 103777 (in profits, just in case)...
Also updates:
- The hedgehog's guide to the survivor of the Symmetrical triangles:
- Why it's not safe to do longs now:
I will take 50% profits now (at 10052), and will leave this positions with rest of the 50% at sl: 103777 (in profits, just in case)...
Also updates:
- The hedgehog's guide to the survivor of the Symmetrical triangles:
- Why it's not safe to do longs now:
Trade active:
I will enter short if we cross 9850...
Entry: 9849
SL: 10,000
TPs: 10% at 9350, 15% at 8850, 25% at 8350,
10% at 7850, 10% at 7350, 10% at 6850, 10% at 6350.
The last 10% for if we go lower, whereever you decide...
I will enter long if we cross 10550...
Entry: 10551
SL: 10400
TPs: I will update if we enter long positions...
Entry: 9849
SL: 10,000
TPs: 10% at 9350, 15% at 8850, 25% at 8350,
10% at 7850, 10% at 7350, 10% at 6850, 10% at 6350.
The last 10% for if we go lower, whereever you decide...
I will enter long if we cross 10550...
Entry: 10551
SL: 10400
TPs: I will update if we enter long positions...
Comment:
Dependas on the market I might change these values. stay intact, I think we either gonna see real moves between next 3-5 days, or we gonna drag this all out all the way to 15-20/09...