papermoneyman

papermoneyman

We broke below support but failed to continue down and were consolidating right below support. I went long with risk right below Monday's lows. Target is short term resistance at around $9,990. No follow up on the break below resistance gave me confidence buyers had stepped back in.

papermoneyman Updated 

Like the title says we have made a higher low on BTC and are now trending up, albeit not a strong trend. Shorts that entered at the bottom are already underwater and most underwater longs exited on the last dump, leaving just the late shorts to squeeze. The red area represents the last influx of shorts coming in and the green area represents the longs. Every other...

papermoneyman Updated 

Haven't got filled on this yet but we bounced on the short-term trend line and now were creeping back up. Almost all FOMO'd shorts from the move down are underwater or will be if we breakout causing some buying pressure as well as long's FOMOing the breakout. We are in a healthy uptrend so stops are placed underneath the second to last low with a target near...

papermoneyman

Forming a channel here with a trend line that is currently rejecting, I'm thinking we break the trend and go to the upper limit of the channel stopping some shorts out and getting some longs to FOMO before we pull back to the bottom part of the channel. Risk is at above previous resistance so a chance they will run it up more to stop out more shorts so this is a...

papermoneyman

FOMO'd this one a bit because alts were looking strong as BTC was looking weak, my R was less than ideal but this was meant to be a quick trade if it worked out, which it did. Set my stop under recent support, and set my sell order right below daily resistance and I'm out. Risk could've been managed much better but I didn't think we were going to pullback much....

papermoneyman Updated 

After a move down I set some bids near the short term support with a stop right underneath that support. We dumped into my bids but kept dumping below support and hit my stop. I could have seen this coming, they broke support and washed out longs before now rallying back up. Need to be more patient and aware of SFP because usually where my stop is is where a good...

papermoneyman

Got a wedge forming here, taking a short risking above the breakout of the TL. Made a new high recently but failed to gain any momentum, if the local low of the support line breaks we should get a decent bit of liquidations taking it down to just below $10,100 where the FTA is.