Locking in crypto profits. Think this may go lower.
Have spend the early weekend reviewing my positions and bias for the next weeks and months.
While I do maintain an overall bullish bias, I think it may be early. We could be yet to see another strong sell-off in risk assets before we enter into the real higher highs/lows uptrend.
I think my current entry levels are going to fail and we're just in small sucker rallies off them. I've not manually exited positions but stops are right under recent small chart lows (May as well stay in in case something wild to the upside happens).
Probably going to be trading shorts in crypto if we get breakdowns. I am limit long 18,500.
While I do maintain an overall bullish bias, I think it may be early. We could be yet to see another strong sell-off in risk assets before we enter into the real higher highs/lows uptrend.
I think my current entry levels are going to fail and we're just in small sucker rallies off them. I've not manually exited positions but stops are right under recent small chart lows (May as well stay in in case something wild to the upside happens).
Probably going to be trading shorts in crypto if we get breakdowns. I am limit long 18,500.
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Not sure if this limit will fill. Still have the order placed but I think perhaps the original long forecast will play out. I'm no longer shorting this and I have longs (Granted, with tight stops).
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