Bounce potentially over. Weekly with enough room to go down. Time for some profit collection from bitcoin whales. Entry: 2700 SL: 2850 Target: 2300-2000 area
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I think is going to test the bo level around 2730. placed some sell orders there.
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Got filled at 2730 too. Holding a pretty large short. Now started moving, let's see if we can have enough bear strenght to go down to our targets.
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Btw, i want to share with you fellow bears this crazy idea <deleted>
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Target 1 was reached today. Expecting target 2 to happen by the weekend
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Bounce shouldn't go much higher. 2630 tops in my opinion. Anything above that would put in danger the move down.
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The current level (2540-2560) is a concurrence of 3 retracement levels. 50% retracement of this wave down from 2790 to 2290. 38.2% retracement of the correction since the last week low at 2120 to the last high at 2790 50% retracement of the move down from 2975 down 2120 We also have 200 4h SMA resistance and horizontal resistance. We'll see what happens here.
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Heading down again. This is a key level, breaking down would guarantee target 2 (2050's)
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we bounced and broke the trendline, now retesting. key moments again for btcusd
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Are you guys ready? Target 2 incoming :P
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Potentially bouncing here to retest broken trendline. That would provide us a safe place to add/open shorts.
トレード終了: 利益確定目標に到達
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And target 2 reached!! 20.5% net profit before leverage, crazy profites after leverage :D hope you guys enjoyedit. Now time for a small bounce before next short.
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Dump seems now over. We missed a 10% extra move down to ~1840 support.
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etiennez0r
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Awesome! to what level do you think it can bounce?
bagofXMR
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@etiennez0r, I'm thinking off 2280, but i'm placing sell orders at 2180, 2280 and 2360 for now.
@bagofXMR, Fear is strong, I think bounce will not be so high..
crypto_newton
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So do u think that 1800 will be the last station ?
bagofXMR
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@rahimka, not necessarily, but probably the level where i will deleverage. 1700 is likely imo, and even 1300 is possible if real panic kicks in, but i wouldnt play with leverage down there. I would look for a long down there at the bottom rather than trying to short till the very same bottom
etiennez0r
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die hard :\
bagofXMR
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@etiennez0r, here we gooo. a succesfull retest and a new low would be soooooooooooooooooooooooooo bearish. fingers crossed.
etiennez0r
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Time is coming to break the triangle guys
mozartc
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Words are not mine, but worth sharing:
"We are all at a wonderful ball where the champagne sparkles in every glass and soft laughter falls upon the summer air. We know, by the rules, that at some moment the Black Horsemen will come shattering through the great terrace doors, wreaking vengeance and Scattering the survivors Those who leave early are saved, but the ball is so splendid no-one wants to leave while there is still time, so that everyone keeps asking, "But what time is it?" But none of The clocks have any hands "