So far my FA and SA havn't changed since my last analysis of the market.
But also the same goes for my TA...
- We are still in a symmetrical triangle
- It feels to me like a bull trap, sure we managed to break above ma200, but it was so weak with such a low volume, I don't think we can hold it, especially since we are at the edge of the cloud, and just stuck there... we might be able to push it due to Tether printing money or a whale buyer, but we won't break the the symetrical triangle, we will test 10k again eventually.
- We formed a pennant triangle as well, it holds a bit above the ma200, and also holds at the edge of the cloud, any break down or up would be a strong one but still withing the symmetrical triangle limits.
I will go with a short, since I do think that buying power matters and the most important key componenet in every wave, sure we did highs, sure we broke up, but to me it looks like yet another bull trap, even if we break the pennant triangle up, it will just confirm an even stronger push down right after wards (Still withing the limits of the symmetrical triangle).
#Short#currentprice10730
short range to enter: 10950-10600
sl: 10980
TPs: 10260, 10160, 10060, 9895, 9640, 9137, 8600, 8300, and leave 10% to run for any lower price.
PS: If you were in longs so far, I would suggest to cover at-least 50% profits, as this is never a bad idea to do so...
But also the same goes for my TA...
- We are still in a symmetrical triangle
- It feels to me like a bull trap, sure we managed to break above ma200, but it was so weak with such a low volume, I don't think we can hold it, especially since we are at the edge of the cloud, and just stuck there... we might be able to push it due to Tether printing money or a whale buyer, but we won't break the the symetrical triangle, we will test 10k again eventually.
- We formed a pennant triangle as well, it holds a bit above the ma200, and also holds at the edge of the cloud, any break down or up would be a strong one but still withing the symmetrical triangle limits.
I will go with a short, since I do think that buying power matters and the most important key componenet in every wave, sure we did highs, sure we broke up, but to me it looks like yet another bull trap, even if we break the pennant triangle up, it will just confirm an even stronger push down right after wards (Still withing the limits of the symmetrical triangle).
#Short#currentprice10730
short range to enter: 10950-10600
sl: 10980
TPs: 10260, 10160, 10060, 9895, 9640, 9137, 8600, 8300, and leave 10% to run for any lower price.
PS: If you were in longs so far, I would suggest to cover at-least 50% profits, as this is never a bad idea to do so...
Order cancelled:
Sorry guys, something went wrong with this published idea timeframe, please ignore it, I updated a new one on this next link:
