Looking in H4 in the past hour the recent candlestic fored a bearish pressure, that mean a sell for institutionals and investor and maybe, a good idea it's to put a sell order limit at $19,100 USD with a SL at $19,600 USD and my target profit will be $17,840 USD. Also, looking the MACD, it's show sell scenaro and maybe investor are selling Bitcoin right now. So, I...
Expecting the end of this upward move. I have a 5% margin of safety under the last ATH, as I believe this to be the point that will trigger fund managers to wait for a correction.
Correction expected to be 25-40%, with a higher chance of it being 30% based on previous bull cycle.
I would not short bitcoin, ever, so this will solely be a waiting game - in the...
Hello dear friends!
Congratulations to each of you on your profitable trading who appreciated my previous post!
For the time being, I close all my long positions and open short, up to levels like 13500-14500k for one bitcoin .
You can throw tomatoes at me - but this is my choice, and I know why I chose this position!
First of all this - is the bitcoin price...
The weekend ran calmly, the market is rather dull in general.
There is a small rebound on Bitcoin, nothing remarkable, everything is within the current flat trend.
Analysing the market situation, we are more inclined to think that the market will be shaken again.
More precisely it will be quickly shaken out. 3D timeframe’s short was confirmed by ATS...
No matter what, BTC will backtest this formation. If it fails that backtest, which I suspect it will, we will test lower bound of the pennant. $5300 by end of year.
Short back to trendline backtest ... make sure the leverage is small and set a stop within your pain threshold, btc is awake. At trendline, straddle (insure or hedge your short).
If wrong, oh no 🥺...
I drawing short position resistance.
I create a Fibonacci and drawing down and upper trend line. I think Bitcoin will be rise but we know the bitcoin and the price of bitcoin most of time is not certain. Only I want to draw short resistances.
The alternative long position graph is here, you can look at this URL...