Setting up for another short in the upcoming week on BTCUSD, achieved the first short 100% timing and target this week. Now onto the next one, ghost candles portray a crude projection the price action in the upcoming weeks. As we hit a new support level it is worth noting how far off the cloud we are, cloud should allow some bullish sentiment acting almost like a magnet pulling the price up but that trend line ain't gunna break with all the sellers. The fact is there is more sellers than buyers. Don't let the price action entice you to long, it won't work out. Will update and revisit in the upcoming days. Let me help you through this bear market been here many times before it's not a good feeling. #crypto as a whole isn't dead just wants to shake out the non believers, Allocating into layer 1s is probably a smart more three weeks ago.... Layers 2s will be purged this bear market Happy Trading. Have any questions reach out or comment.
crypto BTC BTCUSD
"My wife hasn't left me yet because of the 12 y.o. traders."
-KewlKat
crypto BTC BTCUSD
"My wife hasn't left me yet because of the 12 y.o. traders."
-KewlKat
Comment:
Here comes the bull trap in the next week, then drop it back on support breaking it the support. For roughly a 23% return on the short. 100%, This bear trend illustrated starting at the Ath and has rejected any price action above it, at the current price there's to much downward pressure on that downtrend at this time. Will relook at market sentiment when support is broken
Trade active:
Bull trap forming as projected, looking to open up the short as we reach levels of 38k
Comment:
bull trap forming watch the MACD and the RSI, it's coming. Opening short trade tomorrow around 38.3k