watch for any breaks of s/r levels in the above chart and trade off of those.
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feels like this 9750 area is really nice support n building up for a move up lets see.
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chop chop...lets see how long 9730 can act as support suppper crucial level.
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possibly broken fuking hard to say as its not broken by much. Up to your own judgement on this one, but im betting down?
possibly broken fuking hard to say as its not broken by much. Up to your own judgement on this one, but im betting down?
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This is the best i can do on a lower tf, If we take the support as a range..hypothetically it could still be hanging on..Is this a clean break? god knows, only future price action will tell. But considering the circumstances (the downtrendline break and other stuff going on ) there's a chance this could dump down.
Or this could be a fake out before marketmakers take price back up..Quite a tricky one.
Risk is there, We shall see what happens.
This is the best i can do on a lower tf, If we take the support as a range..hypothetically it could still be hanging on..Is this a clean break? god knows, only future price action will tell. But considering the circumstances (the downtrendline break and other stuff going on ) there's a chance this could dump down.
Or this could be a fake out before marketmakers take price back up..Quite a tricky one.
Risk is there, We shall see what happens.
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No break of 9450 yet. As usual hard af to trade this!
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As long as price is above 9450, I am not going to be super bearish.
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one lesson to learn in crypto is that trades dont come easy, roll the tape back a bit back to 2018, And see the 4h levels, and the chop u see here oct - nov 2018-
If we get price action like this its going to be very very tough to trade - all the indicators will look fucked, And coming up with a proper setup would be super hard. Lets hope it will get easier, But i think it is more likely to get tougher.
If we get price action like this its going to be very very tough to trade - all the indicators will look fucked, And coming up with a proper setup would be super hard. Lets hope it will get easier, But i think it is more likely to get tougher.
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I reckon there might be a relief rally at these levels cuz its such a crucial long term level. Its hard to say really. 9450 not broken so better to be still cautious as a bear.
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2 levels to keep an eye on that will determine what will happen.
2 levels to keep an eye on that will determine what will happen.
Trade closed: target reached:
So took some profits at 9500 area, I am out for now, Gonna be watching PA at 9490 levels, And see if it breaks before progressing further.
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Maybe should have held on for higher Rewards i think..My personal bias is definitely down, but 9450 is a huge MTF level , so its very hard for me to be short till the level breaks.
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So i re-entered a short from 9450, risky and far from ideal considering this is a low time frame setup, but we shall see.
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unlikely its gonna be as simple as shorting break of support. see what happened at the same level when it was resistance last time. I dont think they are going to give us a trade that easy, But nonetheless, prepared to take a loss if i see decent signs of a reversal incoming.
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So currently back at the old range. Gonna be interesting PA here also daily support at 9450.
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still short...from 9450 area. I am really not built to hold trades this long(swing trading).
I hate holding trades for this long. My max holding period in stock markets is less than 30 mins! I am a scalper !!
Having said that - I am still short.(but irl i am actually over 6ft tall.)
I hate holding trades for this long. My max holding period in stock markets is less than 30 mins! I am a scalper !!
Having said that - I am still short.(but irl i am actually over 6ft tall.)
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that was a wee bit of trivia about me, In case you missed the point i am still holding on to the short position from 9450
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Think there might be a bounce coming soon.
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I guess one HFT is fuking the other one now hehe
I guess one HFT is fuking the other one now hehe
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ya guys not gonna update on this trade as often..This trade analysis section alone is already so long.
Trade closed: target reached:
Could go lower but i am out at 9050. I am not built to hold trades this long.
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im still short on binance just on mex i choose to scalp, so setups are for scalping only.
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yea i know i might regret taking profits early here - But here's the reason for my exit.
Very near to the 200 SMA and also a daily support level..Hence i think paniced and took profits early, Might have been a mistake - but w/e man i am garbage at holding and monitoring trades for so much time. gives me headache as bitcoin is 24* 7 market.
Very near to the 200 SMA and also a daily support level..Hence i think paniced and took profits early, Might have been a mistake - but w/e man i am garbage at holding and monitoring trades for so much time. gives me headache as bitcoin is 24* 7 market.
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Just one last tip guys, Daily closing below 9150 wont be good for bulls.
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Yep i fucked up selling way too early. Fuck it, On to the next setup.
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Taking profits at 9k only seemed rational at the time..Looks the 9k support might get blasted straight through..
Close above 10k - long.
I think we are going to see the next 10% move soon, so prepare for a swing trade.