Join us in selling BTC at the 20,000 (Targeting zero?)
A few weeks back we sold BTC at 31,500. Little did we know that this will trigger a 14,000 pip move to the downside. Sadly we did not catch all of it, but our analysis was spot on.
WHY?
Well first of all, we have no vested stake in BTC. Most peeps don't like to sell anything because they feel buying is their only option. Many people still try to buy the dip, but it just keeps dipping.
STOP DOING THAT!
Average traders buy and hold.
Good traders buy and cut their losses when they are wrong.
Great traders know how to cut their losses and to sell and make money both ways.
Here is the technical analysis on this trade.
1) Daily trend is bearish
2) H4 trend is bearish
3) Market found support at 20,200 to 20,600 and has broken violently below.
What needs to happen.
1) The price needs to move up to 20K with a harmonic pattern as shown
2) We need to see weakness in M15 to sell this pair.
And finally yes, you are allowed to sell BTC. Many people don't know that and there is nothing wrong in doing so, especially in a bear market.
Here are some crazy sells we have done in the last 2 months netting us 14.1% and honestly we have never even traded some of them before. It is all based on technical analysis and it works 70% of the time.
Good luck and follow the trend and not the crowd...
WHY?
Well first of all, we have no vested stake in BTC. Most peeps don't like to sell anything because they feel buying is their only option. Many people still try to buy the dip, but it just keeps dipping.
STOP DOING THAT!
Average traders buy and hold.
Good traders buy and cut their losses when they are wrong.
Great traders know how to cut their losses and to sell and make money both ways.
Here is the technical analysis on this trade.
1) Daily trend is bearish
2) H4 trend is bearish
3) Market found support at 20,200 to 20,600 and has broken violently below.
What needs to happen.
1) The price needs to move up to 20K with a harmonic pattern as shown
2) We need to see weakness in M15 to sell this pair.
And finally yes, you are allowed to sell BTC. Many people don't know that and there is nothing wrong in doing so, especially in a bear market.
Here are some crazy sells we have done in the last 2 months netting us 14.1% and honestly we have never even traded some of them before. It is all based on technical analysis and it works 70% of the time.
Good luck and follow the trend and not the crowd...
Trade active:
This trade is in play with a sell around 20,400. Stop loss of 1000 pips
Trade closed: stop reached:
This was a wasted effort. It was up 1% but there was no position protection or profit taking. Ended up with a loss which wasn't needed.
21/06/22 DEAL SD-132.73
Funds:SD11,303.37
21/06/22 DEAL SD-132.73
Funds:SD11,303.37
