BitcoinShort
I will hold my shorts until TPs/SLs hit, or confirmations..
Aggiornato
Well, there are many indicators that show that we are going to bounce..
- sma200 ema200 on 4h
- fear index extreemly low
- some other indicators show that we are at the lowest point such as rsi..
- also we didnt have pull back yet (to prepare for next drop if there is going to be any?)
- we sliced the cloud downwards on hourly, but now need to test it out again (pull back)
*** and more...
but all these indicators aren't a must, especially if we are going to see long red weekly dildos, sure small consolidation/pullBack is nice to have, but dont forget that there are also a lot of indicators showing that we can continue going down..
This is why for those who shorted with me, I told to take some profits (15% at-list), and to move SLs to a profit area.. but Im not done shorting, Im still in both positions, and I still believe we are going to meet at-list 2 of my TPs: 10300, 9450, 8450- (from my perspective these are much more probable then going back to 11k+ atm....
but as I said that everything is just probabilities, we cant always catch the edges, and we cant always catch the right direction, thus all who did short so far I would recomand to keep at profit levels and hold positions until either TPs/SL hit or until we have confirmation for drastic market change, those who aren't in position should wait for a better position (I think a closing candle today or weekly should tell direction) - never rush a trade because this is how you lose money.. those who want to try to long this falling knife are welcome but dont risk too much, keep it safe trading.
- sma200 ema200 on 4h
- fear index extreemly low
- some other indicators show that we are at the lowest point such as rsi..
- also we didnt have pull back yet (to prepare for next drop if there is going to be any?)
- we sliced the cloud downwards on hourly, but now need to test it out again (pull back)
*** and more...
but all these indicators aren't a must, especially if we are going to see long red weekly dildos, sure small consolidation/pullBack is nice to have, but dont forget that there are also a lot of indicators showing that we can continue going down..
This is why for those who shorted with me, I told to take some profits (15% at-list), and to move SLs to a profit area.. but Im not done shorting, Im still in both positions, and I still believe we are going to meet at-list 2 of my TPs: 10300, 9450, 8450- (from my perspective these are much more probable then going back to 11k+ atm....
but as I said that everything is just probabilities, we cant always catch the edges, and we cant always catch the right direction, thus all who did short so far I would recomand to keep at profit levels and hold positions until either TPs/SL hit or until we have confirmation for drastic market change, those who aren't in position should wait for a better position (I think a closing candle today or weekly should tell direction) - never rush a trade because this is how you lose money.. those who want to try to long this falling knife are welcome but dont risk too much, keep it safe trading.
Trade chiuso: stop raggiunto
As suspected, we got to my first TP, and not even close to get to 11k, this is how my positions ended (Updated on TG as well):1. The 'short' 11296 and the 11050:
- We took profits: 15% at 10400-10700, and another 15% at 10950-11010, 10% at 10260-10427.
- We moved SL to profits zone at 10560 (Which took rest of the 50% that were left, into profits)
* Conclusion: We manage to close both signals with 50% profits, and were stopped at profits levels with the other 50%.
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