red line. watch out for breaks here.

Aktualisiert

ranging markets like all global markets.

was hoping for a swing trade from 9.4 but i took profits at 9k

watch out for break of red line(s) and take trade in that direction.

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red lines being

Swing short below 8500 on mex, Wait for break of level. Till then price is still ranging here. I dont consider the fall from 9.5k -> 9k a legit breakdown.

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i expect price to ping pong b/w 9.5 -> 9 frustrating as many people as possible.

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8600 crucial level here.

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Building a longer term short position from 9200. Will add all the way to 9500 if price gets there.

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although trade is not invalidated yet, im feeling a little uneasy on this trade.

Stocks are pumping like anything, And btc is correlated to stocks atm. Some of the inversely correlated assets have started dumping and this is making me really uneasy.

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a possible h&s forming on low tf..but its mostly sideways chop honestly.

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Getting the feeling btc might be heading further up to trap people before dumping. This price action is not indicative of a dump incoming at the present time.

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Price below 9800 is still range-chop mode. If price takes out 9800 on 4h then we can be sure there's a high chance 10.5 will be incoming soon.

Trade geschlossen: Stop wurde erreicht

i lost on this one.

Trade ist aktiv

Uh was not expecting that dump. Its back on again as long as price is below 10.5

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As long as price below 9800 i will look for shorts.

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Looks a lot like distribution on longer time frames. Need to take out 11,500 for me to be bullish.

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essentially i am not looking for longs in this market as long as price below 12000

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ignore weekend price movements they arent worth your time or effort.

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Might wick around back to 10,500 on the weekends. Not short yet, waiting for 9350 to break before shorting.

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although weekends are shit this time i might make an exception. If 9300 breaks go short.

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Break of gray area would be bad. Waiting and watching here.

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