******* IMPORTANT****
I started building my short position from $3120.00 I may have tapped the undo button by accident because it shows my rectangle starts below $3080.
I rushed my chart and did not review it before publishing it. Let this be a lesson. See related ideas for proof. I planned this short last night but did not chart it until moments before. I apologize for any confusion. Either way I am still under water, so send help.
Shorting crypto is dangerous and usually leads to HONEYITSGONE.
Building a short position here as we are on a downtrend, I expect resistance to reject us. I am using leverage. Therefore, I increased my risk. I have taken note that the bearish cross on the MACD can flip bullish as buy volume strengthens. BB%B shows we widened too much. BB has widened and begins tightening and usually is associated with a big down/up move. I am expecting a potential downward move as far as the Lower BB unless we break the trend.
Best wishes,
HONEYITSGONE!
I started building my short position from $3120.00 I may have tapped the undo button by accident because it shows my rectangle starts below $3080.
I rushed my chart and did not review it before publishing it. Let this be a lesson. See related ideas for proof. I planned this short last night but did not chart it until moments before. I apologize for any confusion. Either way I am still under water, so send help.
Shorting crypto is dangerous and usually leads to HONEYITSGONE.
Building a short position here as we are on a downtrend, I expect resistance to reject us. I am using leverage. Therefore, I increased my risk. I have taken note that the bearish cross on the MACD can flip bullish as buy volume strengthens. BB%B shows we widened too much. BB has widened and begins tightening and usually is associated with a big down/up move. I am expecting a potential downward move as far as the Lower BB unless we break the trend.
Best wishes,
HONEYITSGONE!
Comment:
Unbelievable, I also forgot to change my entry starting @ $3120.00 on the chart.
I am considering raising my S/L above $3300 because I feel we will tag the previous trend line or break the downtrend near the close. Today is not my day. I had a long day and need to walk away. Sorry for the sloppy analysis.
I wish you all the riches in Valhalla.
I am considering raising my S/L above $3300 because I feel we will tag the previous trend line or break the downtrend near the close. Today is not my day. I had a long day and need to walk away. Sorry for the sloppy analysis.
I wish you all the riches in Valhalla.
Trade closed: stop reached:
I raised my stop to $3457 (was $3415), but this idea is technically invalidated. Therefore, I will close the idea. I am not using leverage, and I responsibly risked the amount I am willing to lose in this position. I am not changing the stop again.
Comment:
Still alive here
Comment:
The scalp turned into a swing, and I am underwater. Send help—jokes aside, it's getting close to my S/L.
Comment:
Closed for a minimal loss after holding for so long. Let this be a lesson. know when to call it quits! A scalp position should NEVER turn into a swing.
Looking iffy moving into the daily close. Bulls with their printing press trying to break this downtrend.
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