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Bitcoin / TetherUS
Short
Updated

BTC/USDT

377
Hi traders .

ANother short play its developing My first entry Is 7573. You have TP zones on there . This one i will take profits on t1 and look for potential bounce . Happy trading
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Conformation shoot . snapshot
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snapshot current status .

snapshot Another auction on the top of the range we moving in . I see lots of market buys on MEx on DOM . Keeping my positions open and potentially adding another one on the top but I will be watching how much MEX its going to push up . In my opinion all they do its accumulating long positions to liquidate them . Falling knife will come .
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another short added at 7750 .
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Taking some profits here at 7200 .
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Locking profits of on added trades from the bounce . at 7140 i think we will have some bounce here people will probably buy the dip . Looking for potential bounce to low or mid 250s . where i will add more positions . Target remains the same .
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Short Positions I have waiting are at 7244 and 7290 . 7320 . Target 6870 . But in same time we can take this all the way down . Where I have set Tp for remaining positions ,
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All position are filled we are currently at ~ 7470 . I dint expect to this to go that hard up but its all good . Tons of shorts are still at upper level In mid 7700 where I have additional position sitting . Im thinking we might come back to that current high first before going down and follow my strategy ,
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Closed all my positions at 7165 .
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Bart as I was waiting for . I don't know if anyone saw this . Momnet we closed US markets we dumped . another great profits locked . Lets go moon boys push higher .
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Placing short positions 7500 . 7600 . 7750 . .
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horseandhound, you know the system at this point , here is my screen shot .snapshot On left you see we have one running . so you have the conformation , BUT . as you can see or right the thick red line its the thick order book of shorts still waiting to be filled . I believe that we will go and fill them . with that in mind US markets will open as well witch to my observations they are pushing the price up . just like they did yesterday witch I posted with you and also in my comments , Moment market closed we did collapse . So my strategy on this its simple . I have order waiting little bellow current high i did remove all other orders for now because I think we can actually go higher then yesterday with will create total chaos with traders and make them go long on the top . And then liquidate them because we know we ;) coming back to the auction level . You can see what happen yesterday . Big green box on the top right are buys . many of the little ones red are sells ., people are buying the top and sell the bottom its exactly what retail does . For now I have no positions open only nice profits from that same range we are moving in ,. My only one position it short at 7680...
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Locking some profits at 7180 from 7600 short that I enter . Keeping shorts form 280 level . I don't see major selling pressure therefor small upside can happen witch is kind of speculation . I don't think it will happen but if it does I will add another short . Locking profits its what this game its all about .
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Classic view . 4H Funky zone here , looks like its trying to maybe push up but Its hard to say it . You got my target you saw what happened and how everything its playing out . snapshot
Trade closed: target reached
snapshot TA DA .
Note
All positions are closed at level seen on the chart . See you next time .
PTO
auctionBeyond Technical AnalysisBTCunfinished

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auctionBeyond Technical AnalysisBTCunfinished
PTO

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.