Finally we moved. I called for 5k, took a while now we finally get it. Does that mean crypto is doomed? It doesn't have to be.
This is not a trade to catch the low, but to prepare for what might come and not get suprised by sudden movement. This market wants you to long when we trend up just before falling but also wants you to short when everything looks like its going to shit just before reversing up. Always stay in front of the masses, don't get emotional.
I'll post updates with possible levels to watch as we progress in this downfall.
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Im long here to the resistance, Potential reversal but atleast a bounce
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volume is low might drop a little maybe even re-test 5300ish
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Potential reversal in play. A cross above 5500 could mean a short term low is set. Cross 5700 and a decent bottom is set.
Now the question remains, is this the beartrap or just a very big correction to the upside.
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needs more convincing...
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can retrace. If after that right shoulder it crosses 5500 again with increasing volume its a buy
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First attempt here. I think there is a high chance of failing and we go to the green before up
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Could resolve here without hitting my green area. stop loss would be tight
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The sideways tells me nothing. If we pump it will go towarts 5.7k-6k. But if we dump and stop at 5k with a nice bounce we can expect a real bounce up. Just plan ahead
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this plan failed. Next plan:
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Waiting for a bullish spring like this to enter a long