Long here $10,000 USD +
very risky.
So SL mandatory.
Leverage and Position size should be as low as possible.
THis can at any moment be a losing trade.
very risky.
So SL mandatory.
Leverage and Position size should be as low as possible.
THis can at any moment be a losing trade.
Comment:
Low on the 20th June had a TD Sequential indicating OverBought. But, the price still kept ongoing. Why? Is it natural for the price to come down to touch this level and say "Hey, the overbought degen now needs to get out"... And, is that what is going to happen next?
Comment:
All I can think is all these indicators are talking what happened in the past. And not, what is going to happen in the future.
And, all I can think is, there was a potential H&S. I have seen that many times. Even if that is considering, the potential short profit is gone. Would it be natural for most degen "traders" to atleast take profit here and causing a dead cat bounce?
And, would that bounce cause more degen "traders" rush in to go long causing it to go up like crazy?
And, all I can think is, there was a potential H&S. I have seen that many times. Even if that is considering, the potential short profit is gone. Would it be natural for most degen "traders" to atleast take profit here and causing a dead cat bounce?
And, would that bounce cause more degen "traders" rush in to go long causing it to go up like crazy?
Comment:
Below $8546, I would just put my bitcoin somewhere else or cash it out. The game is over!
Comment:
Check this one. Check the green rectangle on the LHS.
Notice the candle after the green rectangle.
That candle caused the same kind of panic to all short-sellers like what is causing now
It was at that candle price crossed TK and everything was BOOM
Notice the candle after the green rectangle.
That candle caused the same kind of panic to all short-sellers like what is causing now
It was at that candle price crossed TK and everything was BOOM
Comment:
I believe we are at that point again. We can crash from here to the bottomless pit. Or we can turn back. What will it be?
Comment:
Karma is bitch!
Comment:
Do realize that on the LHS the buying pressure continued.
And do realize on the RHS now, the selling pressure has stopped.
Will there be more panic sellers? If so, yes it can crash down to 1200 even.
Will the buying pressure come back? We have to wait till next week atleast. However, before then what to do?
Option 1: We can do nothing and cash out everything into USD or AUD or USDT or whatever you feel like
Option 2: We can be flat and only have BTC/XBT
Option 3: We can go long
Option 4: We can go short
To me, the choice for option #4 is long gone. Another choice might come up. And, I am sure it will happen on my night time when I am sleeping. My indicators will pop up saying sell. However, I won't be able to catch it. That is what happens when you live on the other side of the globe.
But, option #3 seems very juicy. Market is heavily spooked. It has already been a few days. The price has already dropped a lot. Many in CT and everywhere I check are saying they are waiting to buy. They are waiting for more pull back to 8xxx - 7xxx regions. It is about this time that BTC gives a middle finger and rallies up. That rally causes FOMO. And big buyers, whales and everyone jumps in. Is today now that time? or will it move down more before more up?
I do not know for sure. But, I can surely say this. If there is not another rally soon, we may be in another crypto winter. And, I will be shorting this big time in the hope of increasing the BTC value.
I have invested very little position size and leverage here (about 1.02x). You can see how low that is. This is just me tip-toeing the water. The water is devastatingly red. And I just hope the short sellers are already overfeed.
And do realize on the RHS now, the selling pressure has stopped.
Will there be more panic sellers? If so, yes it can crash down to 1200 even.
Will the buying pressure come back? We have to wait till next week atleast. However, before then what to do?
Option 1: We can do nothing and cash out everything into USD or AUD or USDT or whatever you feel like
Option 2: We can be flat and only have BTC/XBT
Option 3: We can go long
Option 4: We can go short
To me, the choice for option #4 is long gone. Another choice might come up. And, I am sure it will happen on my night time when I am sleeping. My indicators will pop up saying sell. However, I won't be able to catch it. That is what happens when you live on the other side of the globe.
But, option #3 seems very juicy. Market is heavily spooked. It has already been a few days. The price has already dropped a lot. Many in CT and everywhere I check are saying they are waiting to buy. They are waiting for more pull back to 8xxx - 7xxx regions. It is about this time that BTC gives a middle finger and rallies up. That rally causes FOMO. And big buyers, whales and everyone jumps in. Is today now that time? or will it move down more before more up?
I do not know for sure. But, I can surely say this. If there is not another rally soon, we may be in another crypto winter. And, I will be shorting this big time in the hope of increasing the BTC value.
I have invested very little position size and leverage here (about 1.02x). You can see how low that is. This is just me tip-toeing the water. The water is devastatingly red. And I just hope the short sellers are already overfeed.
Trade closed manually:
Stopped break even
Copied from my own notes:
Daily:
* Kaufman AMA wave is saying bearish for last three days.
* Squeeze Momentum has turned bearish today.
* Matrix Series has gone bearish for last few days. However, it is coming close to oversold regions. It is not oversold yet.
* Bulls/Bears are still in favour of Bears.
* For the first time today, we are seeing some positive buying. Is this just some degen deep buying? Or is it for real HODL?
* Tenkan is stil about $653 above. The Senkou B is above Senkou A , and that is indicating bearish to me. $8,776 may be supported according to Chikou.
* Price decreased for last few days while volume increased. This is really selling. This is not some weird selling pressure. This is the SELLING pressure.
* Volume MA is also increasing while price decreasing. This makes me very worried.
* We have a reddish cloud.
* Parabolic SAR is bearish.
So why am I fucking going long here?