** Open Short in BTC **
Bitcoin paired with the previous bottom in the 20,720 region and broke a pattern that looks more like a bearish flag, we have a better chance of the fall to follow, we have a good stop point relative to the target, so I opened short on btc.
Initial target: 18,491 (12.88%)
Stop: 21,700 (2.24%)
**Bought BTC and ETH**
Bitcoin broke through consolidation on h4 up and is now retesting fibo resistance, which is likely to break.
That's why I decided to buy back BTC and ETH, the target remains the same and depending on how the chart reacts in the next few days we will have a short stop indicated below:
Initial target: 28,590 (23%)
With the bad performance of bitcoin in this region of 20k I decided to sell the bitcoins I had previously bought, it was with an average price of 20,000 and I sold it in the region of 19,700 with a little loss.
Most likely Bitcoin is forming a bearish flag pattern that could take us all the way up to the price of 13k to 12k.
The objective now is to look for more...
In trading, the most difficult thing is to know where an asset will stop falling or will stop rising, but there are tools and techniques that can help us find it, I mapped support zones, fibos and mirrored channels.
We have a support zone that starts in the region of 20k dollars to the region of 17k that should hold the fall in the short term, but it is worth...
** I opened short in Bitcoin **
Yesterday we had another failed attempt by the bulls to recover the price of bitcoin, now it must be the bears' turn to try once again to break the support, believing in the greater chances of breaking this support in the 28k region, I opened a small short position on the Bitcoin.
Initial target: 23,700...
In this chart I show you how strong the support of this region of 28,500 is, we have already had 5 previous touches, but it is important that the daily closes continue above 28,700, so I believe in a pullback in this region for a new attempt to break the support.
I expect a pullback towards the 33,000 region.
GMT token remains as one of the few assets that are in an uptrend, at the moment it broke an upward consolidation.
We have an important risk factor to consider that the crypto market is in a downtrend and this can make this operation difficult.
Initial target: 4.22 (55.9%)
Stop: 2.23 (17.4%)
Bitcoin broke up consolidation, we had close above 0.382 fibo as well.
With that, I decided to buy another 33% of Bitcoin in the region of 46,850.
With Bitcoin's uptrend returning, I will now pay more attention to some altcoins.
LOKA Token is a new token launched on Binance launchpad, it is a governance token of the NFT game, it recently broke through all-time highs, pulled back and is now rising again.
Initial target: 8.34 (71%)
Stop: 3.57 (26%)
I bought APE now, this token is the governance token of the well-known NFT Bored Ape, the one that Neymar bought.
This token was launched a few days ago, we have little graphic history and it is a token for a new use, which increases the risks of the operation, so I didn't enter with high volume.
Initial target: 20.64 (84%)
Stop: 9.67 (13%)
**I bought Luna**
Luna is one of the few altcoins that is trending up on most timeframes these days, it is also about to break out of a cup and handle pattern that could take us as low as $140.
Initial target: 140 (40%)
Stop: 79.95 (19%)
We're back! Trusting in a good upswing in the short to medium term, I bought 1/3 (33%) of bitcoin now at 44,200, still 66% in USD.
I will be buying more if I have a good daily close above the 45,750 price.
I'm also looking at some altcoins like SHIB, BabyDoge, GALA, Mana that can make good entries.
The order at price 40,050 was executed, I set a target at price 44,250. We have strong resistance in the 45.5k region, most likely bitcoin is currently picking up momentum to go below 40k.
As long as the price is below 45.5k we are in a bear market.