Ada is once again at resistance. I entered at 1.83 and will move my stop as the target is approached.
Ada has put in a lower high, it should retest support.
So we're in a rising wedge on the 4hr and should drop to put the bottom in at 28.5k area. This bottom should be a green daily reversal candle; after which shorts will be closed and we should pop up to 45k+ area. Then down to 20k.
I told the Illuminati ... "hey guys, one way to trigger the Reset is to collapse Crypto... " and now I'm like a God or something because today Binance discontinued leveraged trading (and screwed me ,,, and lots of other traders ..oh well (At least I still have the dole))
I just had a look at ADA and it's had a great run up, so I'm going to do a positional short and long ADA Down --- seems to be in a bullish descending wedge --- just going to hold for a while and see where it goes. My first target is 1$.
So I'm still in my positional short of Bitcoin, I've been shorting since 58.5k and have held my short since early April. That's an amazing 6 weeks now :) I've found positional trading to be a nice break from active short term trading. Short term trading is more profitable, but it gets a little draining after a while. So one way to recharge the batteries is to hold...
I was imagining a really cool way to initiate the Reset, and one vector that came to mind was a crypto flash crash to zero. Now, I know what you're thinking, you're going to jump up and down and say that's not possible. But it is, and we have an example just last year when Link flash crashed to zero. Why did it flash crash to zero? Because a sudden price drop...
No I'm not!!! You actually believed that headline? even for a second? No way, I'm not closing. This is shit is going down. Diamond hands mother**ckers!!!
So I've been shorting Bitcoin since a few days ago---entered my short when BTC was around 59k. This time, I decided to diversify and amplify the risk by also shorting Ada, Bnb, Eth. I chose them since the down equivalents have some liquidity; and also because they have 30-40 xd in the last 12 months. This short trade, with leverage, all in, is not a swing...
Looks wrecked, about to waterfall crash. There's very little volume, and this impulse up from 50k looks more and more like a short squeezed-out dead cat. I've switched to positional trading mode, shorting to support----wherever that is. We see similar weakness in Gold, Silver, the usual suspects, so my approach is assuming we're going to witness a broad based...
Bitcoin has broken to the upside, while BNB has consolidated above support. A retest of 307$s is a high probability outcome.
Going long on the 5th wave is always risky, it often doesn't reach its target. So unless a whale steps in here we should see test of support.
BTC has shown up with stronger strength than expected, and closed above resistance. Strong possibility of retesting the old resistance. Had to temporarily close my ADA shorts.
We are witnessing continuing weakness and BTC wave C should test support at 54k area. Reset Note: UK authorities are passing anti-riot anti-protest legislation resulting in thuggish riots in Bristol city last night.
Ada is a great piece of technology, we've made money on its hyperbolic journey from 15 cents to 1.43$ ... and have shorted from the very top, and now that the hyperbola has broken, we dig it the grave. Not surprisingly, it made a retarded attempt to return to its hyperbolic pursuit of the moon, but I didn't like this idea, and it printed the Double Top : the...
Powell, in my opinion, set the stage on Wednesday for an ambush. Lots of traders went long with leverage - I didn't - but most did ---- and then the next day the rug was pulled. We have significant fear, and real reasons to fear, that they're engineering the Collapse of the $ bond market. It might not happen, but it's certainly possible. Clues? Yields on the...
The ultra bearish Double Top followed by the very bearish Head and Shoulders == Doom on the 4hr. Should retest 1$ within a day or two.
Ada has printed a double top; for conservative traders they would wait till 1$ is broken. For me, I closed my longs and shorted Ada the moment oil crashed. Shorted Ada at the 1:29$ mark, or thereabouts. I am, once again, all in with leverage. The Reset is getting dirty.