flipped from short to long on first sign of invalidation of downside momentum
25:1 Short with stop above 27.0 weekly RSI peaked above ATH while price hasn't even bounced 50%
RSI peaked above all-time-high levels but price failed to correct even half of the downtrend. The dynamic driving this drop scenario might be that we are still in a downtrend and people just got too excited thinking the bottom is in, so that the price now has to correct.
5:1 momentum short for immediate take profit (1-2 days) at 24.7 and 1% stop
Mean-reversion long from 26,875 to 28,500 with a 2.5 R/R and a 2.4% stop
re-entered long at 27,175 after taking profit at 26.9 in last trade
long now after liquidity pool was tapped (from stops and H&S sell triggers)
flipping to short into bounce during weak price action
flipping from short to long here at 26,950 with a 3% stop for another leg up in the YTD uptrend to 35k (10:1 R/R)
long into dip for mean reversion to 29.1 next days
long the momentum breakout aiming to take profit into FOMC, May 3rd
Going short into consolidation at the range top expecting downside to 26-27 but will stay short until price reverses upwards
buying the dip into peak bearish sentiment swing back to 16-18k doesn't make sense so it has to bounce from here by at least 10%
tgt 39k end of may, +40% straight up from here 10:1 risk-reward
would short here into the bounce, expecting this to be the start of a downswing back to the $16k lows
after a decade of up, a decade of flat Probably synchronous to multi-year recession
picking up a long from 29.1 for a mean reversion, target 30.0
Shorting while momentum is cooling off to regenerate for another swing up in June / July