After the perfect shorts at 17K, 13K, 11.2K (and the 14,3K that I missed) given by PRO Sinewave & PRO Momentum and the associated trading strategy. Today Sinewave is showing the confirmation of the latest short with that recent bearish BREAK pattern detected, confirmed by Momentum with the breakdown of the support trail-line (the dotted lines that slowly follow momentum). This strategy says that when this occurs, I have to lower my stops.. so I adjusted from 13,2K to 11,8K. At this point this stop can only gives gains, even if the scenario goes to invalidation. The lowered stop offered some more available cash to put one more short in the bitcoin. So I'm now short on 17k, 13k 11.2 and now 10.8k.
All the shorts entries have been shared here on TradingView BEFORE they occured. So if you thought I was like those who tells what happened afterwards... not my case ! You can find all the shared ideas on my profile of course. Please remind that being right the first three times does not tell that the 4th will be for sure... This is trading and there's no certainty.. only risk management.
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil
Pesanan dibatalkan
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I exited the breakout trade because it failed to install a bear trend. Prices have reached the Sinewave target and stopped right on it. We are now back above the breakout level which shows risks of bulls pushing back to resistances. Regarding that new risk, I decided to close the breakout trade in order to rewind the stoploss to its previous positions (above 13K)
Dagangan aktif
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Back in, with that new bear signal.. we managed to remain under the broken trendline.. Even if prices haven't installed a bear trend with that breakout, bulls can't manage to take the advatange either !! I've shorted again, with a tight stop.. If prices are breaking up the trendline then I'll exit and stay with the invalidation on 13K for the rest of the bear trades.
Cheers. Its a pleasure to watch a professional trader in action. Great updates
paulishuku
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Yikes, you really think we're going below 9k?
PRO_Indicators
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@paulishuku, Move the chart, you'll see the price wave forecast.. to me we're heading toward 4500$ area ! This will be adjusted when we'll plot the subwaves but for now this is what I forecast.. So far below 9000$