Lets make some money by shorting this garbage.
Rsi has bearish divergence. TD sequential is about to hit a 9.
You can use massive amount of leverage and use the top as a stop-loss.
I'm not doing that. I shorted with a medium size position and will consider doubling down. If we get the same signals on a higher time frame. Like 12 hour.
Never the less this is a very high probability trade I'm taking without a second doubt.
Rsi has bearish divergence. TD sequential is about to hit a 9.
You can use massive amount of leverage and use the top as a stop-loss.
I'm not doing that. I shorted with a medium size position and will consider doubling down. If we get the same signals on a higher time frame. Like 12 hour.
Never the less this is a very high probability trade I'm taking without a second doubt.
Comment:
If you used the top as a stop-loss it should have been hit. Thats the reason why I didn't do that. I still think we are going down. Indicators on lower timeframes: rsi, and Sequencial indicate a trend reversal. It is happening soon. Great price to short right now
Comment:
Enjoy your profits for now. My price targets haven't been reached yet. I will TP at .618 and .5 percent fib of the move.
If we get another pump (I don't think it is likely) I will close my position with my paid stoploss and short later when we have a daily signal.
If we get another pump (I don't think it is likely) I will close my position with my paid stoploss and short later when we have a daily signal.
Comment:
My stop now is above the swing high. Lets see what will happen. I hope this goes to 0 :D
Comment:
I took profit like a coward because both 3 hour and 4 hour got to a nine and rsi indicates a double bottom may be in place. I will beat my head if we keep going down. I'm off on this trade for now. Lets see what will happen later. We may get another pump and have a chance to short at a higher price with a signal on an higher timeframe.
My hart is still with you shorters. I hope this coin ends up at 0
My hart is still with you shorters. I hope this coin ends up at 0
Trade closed: target reached:
This trade has gone so well it kills me that I took profit too early. I was mostly nervous about the price difference between Bitmex and Binance. I worried about a short squeeze. Bitmex contracts are trading much lower than normal prices right now. There is no more reasons to short this coin anymore. We have almost fully retracted the pump on bitmex. If you shorted when I posted this you should be up %30-35. It almost makes sense to go long (only on bitmex because of the price difference). Enjoy your profit this trade is closed
Comment:
The low on bitmex contracts is .0690 while it is .0808 on other exchanges. That is almost %15 difference which is insane to me. Really makes sense to go long (on bitmex) with a signal.
Comment:
Signal is given. I'm long now check out my recent post.
