Updated

Double top then pullback?

Note

Entry target reached.
However, I would be more confident to take this short if BTC were to hit $40k-40.5k region at the same time. If you're long, this would be a good area to TP.

2 options:
1) Enter part of my position size here, so if BTC were to drop from here, I am in the trade
2) Stay out and monitor BTC price action

Note

I think that this trade setup is still in play. However, I would remain patient and monitor BTC price action as i still think BTC can go higher.

3 possible scenarios:
1) take out the highs(red) and then drop
2) take out the high(blue) and then drop
3) pump to the moon

Note

Honestly think that the ALTs will either range or slowly bleed as BTC do it thing. Or I could be wrong and ALTs will play catch up now. Would be cautious of entering shorts now. Would monitor BTC closely before entering a short. Definitely would TP fast to lock in profits.

Note

A nice 7% drop from Entry target. Still think BTC could go higher. TP should be taken, stoploss to entry. A guaranteed winning trade.

Peepee93

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.

Peepee93