I would recommend to close on current levels 10500-10750 at-least total of 15% of the positions.. I do believe that we will test 10150... but since im going to sleep I always prefer to take small profit just for any case if we wake up and suddenly big buys appear (also the break downwards was weaker then I thought it would be)..
SLs to profit at 11010.
Why Im sure the overall mood is down?
- We crossed ema 200 on 4 hours and expected to test sma 200 (might have pull back for a while).
- We got rejected by hourly and 4 hours clouds, and testing the daily, if break below it then we shoot down, if fail to break it then we will have pullback.
- Volume buying power confirmed the fall.
- We dont have major support lines all the way to 10165 (might have pullback here, crossing below 10100 will bring us to 9400).
SLs to profit at 11010.
Why Im sure the overall mood is down?
- We crossed ema 200 on 4 hours and expected to test sma 200 (might have pull back for a while).
- We got rejected by hourly and 4 hours clouds, and testing the daily, if break below it then we shoot down, if fail to break it then we will have pullback.
- Volume buying power confirmed the fall.
- We dont have major support lines all the way to 10165 (might have pullback here, crossing below 10100 will bring us to 9400).
Trade active:
Well, there are many indicators that show that we are going to bounce..
- sma200 ema200 on 4h
- fear index extreemly low
- some other indicators show that we are at the lowest point such as rsi..
- also we didnt have pull back yet (to prepare for next drop if there is going to be any?)
- we sliced the cloud downwards on hourly, but now need to test it out again (pull back)
*** and more...
but all these indicators aren't a must, especially if we are going to see long red weekly dildos, sure small consolidation/pullBack is nice to have, but dont forget that there are also a lot of indicators showing that we can continue going down..
This is why for those who shorted with me, I told to take some profits (15% at-list), and to move SLs to a profit area.. but Im not done shorting, Im still in both positions, and I still believe we are going to meet at-list 2 of my TPs: 10300, 9450, 8450- (from my perspective these are much more probable then going back to 11k+ atm....
but as I said that everything is just probabilities, we cant always catch the edges, and we cant always catch the right direction, thus all who did short so far I would recomand to keep at profit levels, those who aren't in position should wait for a better position (I think a closing candle today or weekly should tell direction) - never rush a trade because this is how you lose money.. those who want to try to long this falling knife are welcome but dont risk too much, keep it safe trading.
- sma200 ema200 on 4h
- fear index extreemly low
- some other indicators show that we are at the lowest point such as rsi..
- also we didnt have pull back yet (to prepare for next drop if there is going to be any?)
- we sliced the cloud downwards on hourly, but now need to test it out again (pull back)
*** and more...
but all these indicators aren't a must, especially if we are going to see long red weekly dildos, sure small consolidation/pullBack is nice to have, but dont forget that there are also a lot of indicators showing that we can continue going down..
This is why for those who shorted with me, I told to take some profits (15% at-list), and to move SLs to a profit area.. but Im not done shorting, Im still in both positions, and I still believe we are going to meet at-list 2 of my TPs: 10300, 9450, 8450- (from my perspective these are much more probable then going back to 11k+ atm....
but as I said that everything is just probabilities, we cant always catch the edges, and we cant always catch the right direction, thus all who did short so far I would recomand to keep at profit levels, those who aren't in position should wait for a better position (I think a closing candle today or weekly should tell direction) - never rush a trade because this is how you lose money.. those who want to try to long this falling knife are welcome but dont risk too much, keep it safe trading.
Trade active:
For the below 10k call:
We might get stopped somewhere between 9400-9700.. thus my recomendation (as usual) is to take small profits for any case, like 10% now, another 10% at 9700, another 15% at 9600, 20% at 9500, 35% at 9400, and leave the last 10% for when you feel its time to take them out..
Always move SLs accordingly to a profit positions as well..
For the 11296 and 11050 calls nothing changes (though you can take small profits as well..)
We might get stopped somewhere between 9400-9700.. thus my recomendation (as usual) is to take small profits for any case, like 10% now, another 10% at 9700, another 15% at 9600, 20% at 9500, 35% at 9400, and leave the last 10% for when you feel its time to take them out..
Always move SLs accordingly to a profit positions as well..
For the 11296 and 11050 calls nothing changes (though you can take small profits as well..)
Comment:
Guys, dont forget that part of it is Binance as well, they are in maintanance, so big buying power volume isnt here which caused it to be much much more lower then usual... no one knows what will happen the moment they open, either bigger sell orders pressure, or all that volume will start buying :stuck_out_tongue_closed_eyes:, so be careful, take profits, move sls to profits, and be ready for binance..
I bet that their volume will rush panic selling guys, so be ready, we might see even bigger crush...
I bet that their volume will rush panic selling guys, so be ready, we might see even bigger crush...
Trade closed: stop reached:
Well, the 10k call worked great for me, hopefully you guys took some profits acoarding to advice and also moved sl to profits as well (mine was 9922)... it was a nice ride...remember even if the profits are tiny it's still a profit, we took a risky move and it worked out.
Trade active:
The other 2 positions are still open:
1. 11296
move sl to 10670
2. 11050
move sl to 11010
* TPs are same: 10400 (filled), 9450 (almost reach, I hope you took small profits as well when I suggested between 9400-9700 as well), 8450, and another 10% for if we go lower..
Now we wait for how binance volume will respond to market (1-2 hours to go), will they sell panic? or will they buy this cheap price...
1. 11296
move sl to 10670
2. 11050
move sl to 11010
* TPs are same: 10400 (filled), 9450 (almost reach, I hope you took small profits as well when I suggested between 9400-9700 as well), 8450, and another 10% for if we go lower..
Now we wait for how binance volume will respond to market (1-2 hours to go), will they sell panic? or will they buy this cheap price...
Trade active:
If you are still holding the 11296 and 11050 short positions then I would recomand to close at-least 50% of the entire position... and move sl to 10600-10800
Trade closed: stop reached:
As suspected, we broke the pennant triangle down with enough power to break the symmetrical triangle as well, this is how my signals ended (Updated in the TG):
1. 2. The 'short' 11296 and the 11050:
- We took profits: 15% at 10400-10700, and another 15% at 10950-11010, 10% at 10260-10427.
- We moved SL to profits zone at 10560 (Which took rest of the 50% that were left, into profits)
* Conclusion: We manage to close both signals with 50% profits, and were stopped at profits levels with the other 50%.
1. 2. The 'short' 11296 and the 11050:
- We took profits: 15% at 10400-10700, and another 15% at 10950-11010, 10% at 10260-10427.
- We moved SL to profits zone at 10560 (Which took rest of the 50% that were left, into profits)
* Conclusion: We manage to close both signals with 50% profits, and were stopped at profits levels with the other 50%.
Comment:
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* If you like what I do, please push "follow" and "like".
* Also if you want live time signals and learn with the community then you are welcome to join here: t.me/joinchat/AAAAAEdUerTNmmk-6A......
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Cheers, love <3
Hedgehog King!
___________________________________________________________________________________________________________________________________________
* If you like what I do, please push "follow" and "like".
* Also if you want live time signals and learn with the community then you are welcome to join here: t.me/joinchat/AAAAAEdUerTNmmk-6A......
* If you want to appreciate my work with spare BTCs then you are welcome to send them to: bc1q8kzn0x8j4dmws00ntuhyma8p4c9jwyj0gzxua9
Cheers, love <3
Hedgehog King!
___________________________________________________________________________________________________________________________________________
Comment:
****************************************************************************************************************************************************************************************************************
* If you like what I do, please push "follow" and "like".
* Also if you want live time signals and learn with the community then you are welcome to join here: t.me/joinchat/AAAAAEdUerTNmmk-6ARsBw
* If you want to appreciate my work with spare BTCs then you are welcome to send them to: bc1q8kzn0x8j4dmws00ntuhyma8p4c9jwyj0gzxua9
Cheers, love <3
Hedgehog King!
****************************************************************************************************************************************************************************************************************
* If you like what I do, please push "follow" and "like".
* Also if you want live time signals and learn with the community then you are welcome to join here: t.me/joinchat/AAAAAEdUerTNmmk-6ARsBw
* If you want to appreciate my work with spare BTCs then you are welcome to send them to: bc1q8kzn0x8j4dmws00ntuhyma8p4c9jwyj0gzxua9
Cheers, love <3
Hedgehog King!
****************************************************************************************************************************************************************************************************************
tp: 10300 reached.
next tps: 9450, 8450.