Macro rising wedge. Close to macro 0.5 correction.
Breakdown is very dangerous for bulls. Invalidation means bull market to me.
Breakdown is very dangerous for bulls. Invalidation means bull market to me.
Nota
So you see a macro bearish structure. It's actually multiple but I'm focusing on this one right now. You have a nice potential of 3-4x in case of an invalidation.Macro environment is still bearish. You don't have the FED on your side like previous bull runs. There are some believers but we have some leading indicators that shows you won't have that soon enough. I don't wanna go into details of macro but TA clearly says you sell on a macro perspective. My side is clear.
Nota
In fact, it would be better for the bull case if it does this before touching 109.Nota
I usually build big positions over a long time. But I didn't touch this position since the initial entry a month ago @86.5. Until today. 90.6 new average :) Wrong above 110. We will see.Nota
🫡Nota
The double bottom is important but I believe it will go lower.Nota
There may be many examples of topping BTC pairs when BTC bottomed. But the reactions of this pair to both July dip and November dip is quick and clean.Nota
Strongly bearish.Nota
I've reduced my short size ~30% @86.66.Trade chiuso manualmente
Closed short here. I will be looking for re-entry.Trade attivo
I'm back in. 87.5 entry / 92.6 stop.Nota
I won't trade this one. No add, no move. If it stops, i'm out.Nota
My short close turned out to be a godly move btw :D It gave me more than enough to afford this new position.Nota
It's not even mid-week yet. Let's see how this candle will end up. I really wanna know.Nota
Moved my stop to my re-entry level. 87.6.Nota
But overall this looks like a correction to the dump. So still bearish.Trade chiuso: stop raggiunto
I am out. For now at least.Nota
Sounds crazy but I'd be happy to get back in +$140 :DNota
Roughly, 80-85 should be the support. Or it's bad.Nota
This looks bad again. But I have enough shorts.Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.