Updated

BTC triangle trade the breakout

watch for any breaks of s/r levels in the above chart and trade off of those.

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Use bitmex charts for better accuracy - close below 9730 - short.

Close above 10k - long.

I think we are going to see the next 10% move soon, so prepare for a swing trade.

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feels like this 9750 area is really nice support n building up for a move up lets see.

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chop chop...lets see how long 9730 can act as support suppper crucial level.

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possibly broken fuking hard to say as its not broken by much. Up to your own judgement on this one, but im betting down?

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This is the best i can do on a lower tf, If we take the support as a range..hypothetically it could still be hanging on..Is this a clean break? god knows, only future price action will tell. But considering the circumstances (the downtrendline break and other stuff going on ) there's a chance this could dump down.

Or this could be a fake out before marketmakers take price back up..Quite a tricky one.

Risk is there, We shall see what happens.

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No break of 9450 yet. As usual hard af to trade this!

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As long as price is above 9450, I am not going to be super bearish.

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one lesson to learn in crypto is that trades dont come easy, roll the tape back a bit back to 2018, And see the 4h levels, and the chop u see here oct - nov 2018-

If we get price action like this its going to be very very tough to trade - all the indicators will look fucked, And coming up with a proper setup would be super hard. Lets hope it will get easier, But i think it is more likely to get tougher.

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I reckon there might be a relief rally at these levels cuz its such a crucial long term level. Its hard to say really. 9450 not broken so better to be still cautious as a bear.

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2 levels to keep an eye on that will determine what will happen.

Trade closed: target reached

So took some profits at 9500 area, I am out for now, Gonna be watching PA at 9490 levels, And see if it breaks before progressing further.

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Maybe should have held on for higher Rewards i think..My personal bias is definitely down, but 9450 is a huge MTF level , so its very hard for me to be short till the level breaks.

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So i re-entered a short from 9450, risky and far from ideal considering this is a low time frame setup, but we shall see.

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unlikely its gonna be as simple as shorting break of support. see what happened at the same level when it was resistance last time. I dont think they are going to give us a trade that easy, But nonetheless, prepared to take a loss if i see decent signs of a reversal incoming.

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So currently back at the old range. Gonna be interesting PA here also daily support at 9450.

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still short...from 9450 area. I am really not built to hold trades this long(swing trading).

I hate holding trades for this long. My max holding period in stock markets is less than 30 mins! I am a scalper !!

Having said that - I am still short.(but irl i am actually over 6ft tall.)

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that was a wee bit of trivia about me, In case you missed the point i am still holding on to the short position from 9450

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Think there might be a bounce coming soon.

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I guess one HFT is fuking the other one now hehe

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ya guys not gonna update on this trade as often..This trade analysis section alone is already so long.

Trade closed: target reached

Could go lower but i am out at 9050. I am not built to hold trades this long.

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im still short on binance just on mex i choose to scalp, so setups are for scalping only.

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yea i know i might regret taking profits early here - But here's the reason for my exit.

Very near to the 200 SMA and also a daily support level..Hence i think paniced and took profits early, Might have been a mistake - but w/e man i am garbage at holding and monitoring trades for so much time. gives me headache as bitcoin is 24* 7 market.

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Just one last tip guys, Daily closing below 9150 wont be good for bulls.

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Yep i fucked up selling way too early. Fuck it, On to the next setup.

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Taking profits at 9k only seemed rational at the time..Looks the 9k support might get blasted straight through..

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