Yes, the title is correct.
I anticipate a massive sell off this weekend and by the time you read this post I will already be in the trade. In fact am already in a short from previous Idea this will be a big scale in position.
Briefly put, the bears are in control whether you like it or not. I don't care which side is in control like many of you in the chat, I just want to be on the right side. Long term we bullish but right now we correcting and as such bearish on lower timeframes
Weekly, daily, 4hr and 1hr timeframe are all trending down. Which means the odds are significantly in favor of the bears-We don't get easy markets like this all the time. Its that simple guys. Trade probabilities, why would you want to go against the trend, or rationalized it...that's futile. If the market was to flip bullish, you don't have to ask me twice if am a look for a long, if plan says long then go long.
Now, the bull market is safe as long as we don't break below 26k area. Let me just state that quickly because I see many in Tv chat calling bear market and that's because you guys don't understand market structure and trends properly. Believe it or not all this down movement is just one big correction...until it's not, that's why 26k is important to hold but I don't think we'll fall that low. 47-45k is my prediction for bottom, if that fail then 31k.
Anyways, just wanted to give a bit of context. For this trade:
potential early close at $53500...I doubt here will be enough demand there but its a potential reversal area to monitor.
Main tp is $51500, I will for sure take at least 75% off since it's so close to final tp which is $50,000 where I will fully close the position.
That's the plan given all goes well. The odds are in my favor and checks all the boxes in my trade plan.
I Just now entered short and posting this idea right now. I'll update in the comment if I decide to make any adjustments.
Overall RR to 51500 is roughly 10 RR which would be a fxcking blessing for my accounts.
This post is longer than usual but such a bold prediction deserves it.
I anticipate a massive sell off this weekend and by the time you read this post I will already be in the trade. In fact am already in a short from previous Idea this will be a big scale in position.
Briefly put, the bears are in control whether you like it or not. I don't care which side is in control like many of you in the chat, I just want to be on the right side. Long term we bullish but right now we correcting and as such bearish on lower timeframes
Weekly, daily, 4hr and 1hr timeframe are all trending down. Which means the odds are significantly in favor of the bears-We don't get easy markets like this all the time. Its that simple guys. Trade probabilities, why would you want to go against the trend, or rationalized it...that's futile. If the market was to flip bullish, you don't have to ask me twice if am a look for a long, if plan says long then go long.
Now, the bull market is safe as long as we don't break below 26k area. Let me just state that quickly because I see many in Tv chat calling bear market and that's because you guys don't understand market structure and trends properly. Believe it or not all this down movement is just one big correction...until it's not, that's why 26k is important to hold but I don't think we'll fall that low. 47-45k is my prediction for bottom, if that fail then 31k.
Anyways, just wanted to give a bit of context. For this trade:
potential early close at $53500...I doubt here will be enough demand there but its a potential reversal area to monitor.
Main tp is $51500, I will for sure take at least 75% off since it's so close to final tp which is $50,000 where I will fully close the position.
That's the plan given all goes well. The odds are in my favor and checks all the boxes in my trade plan.
I Just now entered short and posting this idea right now. I'll update in the comment if I decide to make any adjustments.
Overall RR to 51500 is roughly 10 RR which would be a fxcking blessing for my accounts.
This post is longer than usual but such a bold prediction deserves it.
Nota
Closed #btc short early just now. Given recent PA, it have triggered my exit rule. Nota
Opened a scalp long with lower risk just now. Trade isn't exactly according to plan. But I do think we'll retest 55200Nota
Closed the bitcoin long at breakeven
Nota
Attempting another bitcoin scalp long
Nota
Just reentered bitcoin short. The long got stopped earlier.
Nota
Closed half the position around break even. Waiting a few more minutes for additional confirmation to decide to add back or not
Nota
added back other half.Nota
Closed bitcoin short. Gonna wait a bit to see what happens. Can always re enter.Nota
Continuation of short idea here:
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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.
Penerbitan berkaitan
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.