Short intraday bias, still don't have an actual position on this yet, will mainly be looking for a support/resistance style of trade where it dumps below and tags prior support, probably the bottom of the bart itself.
Once it gets to 5800 or so I will be looking to add on to my long term long account and buy crypto on a dollar cost average basis. I will not be using all my account for that because I think there will be a dump out after the halving which I want to use for accumulating also.
But for now I'm looking for it to head to the Z point or thereabouts.
It's notable that oil is dumping to incredible new lows which means the economy isn't yet roaring away and that it's probably a little early to be expecting cryptos to moon. A better plan is to have patience and buy shakeout capitulation.
Once it gets to 5800 or so I will be looking to add on to my long term long account and buy crypto on a dollar cost average basis. I will not be using all my account for that because I think there will be a dump out after the halving which I want to use for accumulating also.
But for now I'm looking for it to head to the Z point or thereabouts.
It's notable that oil is dumping to incredible new lows which means the economy isn't yet roaring away and that it's probably a little early to be expecting cryptos to moon. A better plan is to have patience and buy shakeout capitulation.
Trade active:
Active short position with stop above 5:15 swing high
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Should note my short position is on BNB not BTC
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Price moving in my favor - tightening stops a bit
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Accidentally closed the trade while adjusting stops, did exit with some profit but now looking to get back in
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Short again with overall break even risk on trade
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Re-entry position profitable again, looking to take half off near day low and let rest run as a swing since I expect btc to go to 5800. Once there I will be looking to add to my long term accounts to a large degree
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Moved to break even on re-entry. Trade on autopilot for time being
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Very strange price action, it hit my 1st target then instantly hit my break even stop
Trade closed: target reached:
Price acting strange, got some profits from that trade so going to let things rest a while and get fresh perspective later