Hedgehog_king

Yep, still shorting ;)

Short
Hedgehog_king Updated   
BITMEX:XBTUSD.P   Bitcoin
I'm in short here again ;)

I said yestarday that "Ok guys, I came into conclusion with BTC, if we close daily below 10100, or next 2 4h candles below 10050, Im shorting again."
But! as PA changes all the time, it was a good choice for yestarday only, but now I see that even though we closed above 10100, we are failing to preserve this level here again, and thus I entered short at 10240 (sl: 10332), we again under strong resistance of 4h cloud + ma50/sma200 (Strong support/resist MAs from our previous shorts), also volume buying power again still very low and dropping...
Strong support level should be 10150 (EMA21 is there), if we manage to hold this area, then bulls will have stronger mumentum to push up as this turned into strong support, but if we close below it (on 4h tf, or daily), then we are going to see very strong move down towards 9800, and since we hit that place too many times, to me it looks like it weakens a lot, which means that we again are on our way to 9500....

Long if we hold this area and if I have confirmation that we are going up, or if we fail below then we will short.
Comment:
So beautiful VERY BIG fight! anyone can win here...
The current 4h tf candles will determin who is losing ;)
Trade active:
Ok, due to the big fight atm on 4h, I zoomed out a bit, and look what we see:
Correct! Bearish Harami (Should be confirmed by the end of the day, if it will close like so then tomorrow candle is also bearish, so watch out for closing daily)...
Also due to the fact that we again couldn't hold above 4h tf cloud, nor ma50 support vs sma200 resist trap area, and since sma200 again turned into resist, I'm going to put my bets on adding to my short position.. the only thing the bulls have right now is the EMA21 strong support level, if they lose this then I'm expecting a very strong push down towards 9800 (This might cause panic sellers, which 'might' cause a break through the descending/symmetricla triangle or test the low of the bull flag (Everyone and what ever they see)...
Trade active:
Live signal:
- #Short#CurrentPrice-10213
Entrance: 10140-10240
SL: 10400 (Risk rasio 1.8%)
TPs: 10060 (10%), 9880, 9750, 9500, 9360, 9130, 8300, and last 10% for any lower..
Trading portfolio risk: 1-5%.
Comment:
For this signal to work out, we need to close below 10200 on 4h tf.
Trade active:
If we close above, then this signal is cancled!.
Trade active:
- Update on: #Short#CurrentPrice-10213 (Entrance: 10140-10240
Current price now: 10020
SL move to profit level: 10135
TPs reached: 10060 (10%), I will close another 40% now at 10020 just in case as bearish is a bit weak and I prefer to preserve the profits...
Next TPs: 9750 (10%), 9500, 9360, 8300, and last 10% for any lower..
Trading portfolio risk: 1-5%.

* Option 2:
Take everything out in profit and stay static as this is a no zone trading, this is a big speculation point where any direction can blow out, and don't let others to fool you, all TAs on different levels show that it can go either up or down (Very depends on each trader), so yeah, everything at this point is a speculation. I'm still bearish and still shorting until I get my own confirmations... good luck and happy profits :)

* I will update on Sunday-Monday my next thoughts.
Trade active:
Update: #Short#CurrentPrice-10213
Current price now: 9550
SL move to lower profits: 9880
TPs reached: 10060 (10%), 10020 (40%), 9917 (10%), 9570 (10%) - 70% total so far out...
Next TPs: 9360, 8300, and last 10% for any lower..
Trade active:
Updates on signals:
- #Short#CurrentPrice-10213
Current price now: 9484
SL move to lower profits: 9880
TPs reached: 10060 (10%), 10020 (40%), 9917 (10%), 9570 (10%) - 70% total so far out...
Next TPs: 9360 (10%), 8300, and last 10% for any lower..
Trade active:
Guys, be ready and fast on taking that 9360-9380 sls if you are on my signals (Also if you want to be even more sure then 9440-9360 is good range for TPs), as we might blow up... or down...

And again 3 options for you to choose:
1. Continue by the signals plan..
2. TP everything and stay out..
3. TP everything and go long at these good buying level zones on top of weekly 21e... be warned that since this is weekly as @bobvelkov said we can easily spike way below e21 for a whole week and only then close above it (Which means we started the bull run?)....
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