- below weekly 200 sma.
- dxy going up.
- ? Weekend incomin soon. Dont use anything more than 2x to trade this shite. Its moving like a bullet - High leverage will get you rekt.
- Play it safe, Use the weekly 200 SMA as a guiding point, It broke the 5.8k support last week.
- Don't trade this more than 1-2x. You will get rekt.
mkay bye.
- dxy going up.
- ? Weekend incomin soon. Dont use anything more than 2x to trade this shite. Its moving like a bullet - High leverage will get you rekt.
- Play it safe, Use the weekly 200 SMA as a guiding point, It broke the 5.8k support last week.
- Don't trade this more than 1-2x. You will get rekt.
mkay bye.
Nota
Although i feel the future direction is down..Timing the top is gonna be hard. Wait for break of trend and then short (if using higher leverage.)Markets can remain irrational for long time, so if for any reason weekly closes above 200 sma that would be your exit signal.
Nota
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uhh if this 4h closes above 6550 i am downgrading my short from 2x to 1x.Nota
10% up within 1 hour fucking crazy movements. Thats why you dont use high levrage. Anyways - I think max pain for bears lies around 8k area. Although this 6.5k area is a pretty strong resistance as well.Nota
Hello friends,weekend update.
Nota
The black line is the longer term downtrendline - which price has failed to break in the daily.
Have a 1 or 2x short position at these 6.2k - 6.3k levels. Take off position if 6.4k resistance falls.
However, If bitcoin breaks the blue trendline in the above chart - you can manaage your risk and position sizing based on that.
Eagerly waiting for weekly close which is going to be very interesting!.
Have a good weekend everyone, Don't use high leverage, dont get rekt!
Nota
Just another thing friends, There is still a chance this idea can go tits up, Thats why it should be managed very carefully. If there is any signs of 6.4-6.5k resistance falling i will be out of my short and re-assess market.Nota
Decision point soon
- weekly closes today.
- Possible resolution of the trendline as well.
watching the 6400 level, if it breaks i will take short position off and likely flip bias.
Nota
note - flip bias only if weekly closes at current prices. I will take off short for a bit if 6.4k resistance fails. till then..Nota
TBF i am out of the short now at 6300. Will reshort if this goes breaks below 6200. But for now out and watching price action.Nota
Not shorting this again till price breaks trendline tbf.
Markets can remain irrational and can rekt anyone who gets overconfident.
Nota
re-shorted 6200Nota
Dagangan ditutup: sasaran tercapai
hello all. sorry forgot to update. i took profits off 5820 after price failed to break the weekly 200 sma. Neutral outloook for now!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.