TulpenFieber
Short

BTC - A gameplan to try and trick Murphy!!!

KRAKEN:XBTUSD   XBT / USD
Shorts from 12.3K have to be closed carefully now. If we close above 11.9K today we might go as far as 12.8K which would be bad. But if we close around 11.7K or lower, 10.8K would be the target to close the shorts. If 10.8K breaks, it means a bear flag is in play and we can buy at 8.8K (X times leveraged based on how good your risk management is). Or to be safe just cascade buys at 9.8K, 9.2K and 8.8K as KRAKEN:XBTUSD might decide to break out of the bear flag and charge towards 14350. All this should happen in the next 14 to 18 hours. If not we go back to the drawing board again.

May the grace of Hades shine on you!!!

Disclaimer: Do your own research and don't play with your money if you don't understand what I'm talking about!

PS: The idea is SHORT because, I personally believe we hit the top channel of the correction from ATH and we are still in downtrend and personally look forward to buy KRAKEN:XBTUSD when it's value reaches 3 digit numbers ;)
Comment: If this idea fails, an alternate that might be in play
Comment: If we are going down to 8.8k there could be a possible wick up to 12.9k on the 4h
Trade closed: target reached: 10.8k reached
Comment: We wait for 12.8k to short again
Trade active: 9800 buy coming up, it might either come only close to 9850 or might wick down to 9450
Comment: A high risk short from 11.9K was closed at 10180, not sure if we touch 9800.. looks fishy..
Trade closed: target reached: 9900 was a good enough buy.. That's why always cascade your buys.. Now we let the market decide..
Trade active: Sell at 11050 just to be safe..
Trade closed manually: at 10518 as bounce was not strong enough.. most probably 9900 will be broken tomorrow.. If we don't break south of 9.9k or north of 10.9k it should start moving sideways range bound between 10k and 11k
Trade active: 9800 buy was bagged.. We have to break upwards to 10.5k during the day and the daily should close above 10155 for suistained move upwards
Comment: For all those who have no clue of risk management.. sell at 10.5k
Comment: When you want something that belongs to someone else, what do you do??? You hold them firmly against the wall and threaten them until they cough it all up...! That's what is happening here, right now.. :)
Comment: I hope you guys didn't cough it up.. :D
Trade closed manually: Not sure if 10.5k will be reached. Closed at 10441

Comments

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