Gun to head I will trade the chart as is. However, a little uncertain here so I wont be making a trade. Just sharing an idea and my thoughts.
NO TRADE ZONE FOR ME, what are your thoughts? Any ideas?
- Hong Kong ETF - Yes I understand the whole point of T.A/Wyckoff method is to ignore Fundamental analysis, but I find it quite difficult to ignore sometimes.
- The AI bot that said to short 70.1k when I was bullish (and ultimately charted and stuck with a bearish outlook) is now slightly bullish (price is 64.5k as I type this)
- The time spent on this final support line should be a few days at minimum, so I don't see the rush, can afford to wait
- Halving coming up, the ultimate priced in/not priced in discussion. Not a huge factor but something I do keep on my mind
- The longer time frame (THE PURPLE BOXES) would make sense for this to have been bottom if we have a classic sideways Wyckoff re-accumulation/distribution.
- Swap fees are bearish. Meaning traders are more aggressive with shorting, I generally don't feel good about following the crowd.
NO TRADE ZONE FOR ME, what are your thoughts? Any ideas?
Comment:
The long part played out, but still not confident to short here. I'll execute patience a little longer.
Comment:
OPENED SHORT: $66,000
Comment:
Current Price: $63,400
Status: Still short from $66,000
Status: Still short from $66,000
Trade closed manually:
Current Price: $64,200
Status: Closed short from $66,000 at $62,000.
Pretty annoying that I can't update idea on mobile app, only on desktop. I won't be posting my personal trades updates anymore.
I'll be shorting again pretty soon again.
Status: Closed short from $66,000 at $62,000.
Pretty annoying that I can't update idea on mobile app, only on desktop. I won't be posting my personal trades updates anymore.
I'll be shorting again pretty soon again.