It dropped , and it went back up again ( indeed stronger than i was expecting to see)- anyway i dont trade pullbacks especially on bitcoin, manipulation can mess things up.
But on daily we are still inside a big wedge that closes roung 10k area !
Im curious to see what the chart will show us if we reach that level.
So far im still waiting patiently for another short opportunity.
Theres a fractal right now that can repeat again.
We will see.
But on daily we are still inside a big wedge that closes roung 10k area !
Im curious to see what the chart will show us if we reach that level.
So far im still waiting patiently for another short opportunity.
Theres a fractal right now that can repeat again.
We will see.
Kommentar:
Really thought we will see a drop , but bitcoin we all know is a bit different than traditional markets. Had a small short and ive closed it for a small loss.
I choose to stay away and see how this triangle breaks. Can go both ways , thats why i wont take any risks here.
As for a medium term view, we still inside that big wedge and i still expect the drop. But maybe first we will see like 10k ?
I choose to stay away and see how this triangle breaks. Can go both ways , thats why i wont take any risks here.
As for a medium term view, we still inside that big wedge and i still expect the drop. But maybe first we will see like 10k ?
Kommentar:
And theres 11k . That triangle ive showed above broke above the big wedge too. So that one is no longer valid. I know its looking like it would go up forever, but dont trick yourself. Even if id choose to go long here- for closing the possition ( if youre not gambling ofcourse) you ll need a confirmation, and then you would close long and open short right ?
Well, for that confirmation to appear the price has to drop, create a shape...so you can see it. And that can cut your profits or even worse: oblige you to close on loss.
I dont know where it will stop. Im not gambling nor speculating. Is going up now- is clear. I choose to wait. And remember all people making money when are long will want to make money when shorting opportunity arrives.
So far , after years of trading- staying and waiting sometimes its the best thing you can do.
Once i see a shape im going to update.
For the ones who are long: i would not close it here- im talking for those being short from 8-9k or ever lower.
Well, for that confirmation to appear the price has to drop, create a shape...so you can see it. And that can cut your profits or even worse: oblige you to close on loss.
I dont know where it will stop. Im not gambling nor speculating. Is going up now- is clear. I choose to wait. And remember all people making money when are long will want to make money when shorting opportunity arrives.
So far , after years of trading- staying and waiting sometimes its the best thing you can do.
Once i see a shape im going to update.
For the ones who are long: i would not close it here- im talking for those being short from 8-9k or ever lower.
Anyway , im seeing 2 scenarios : 8.4k - 8.5 k area and going to 10 k maybe.
Or simply breaking the daily wedge and dropping.
Ill keep it updated.