BTC Short, Possible top at 50.8k

٥ أكتوبر ٢٠٢١

Rising bearish divergences on minute timeframes, and test trendline since ath to 52k local top.

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تم فتح الصفقة

open limit short at 40.9k.

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ملاحظة

Scalp trade long opportunity at retest line ~50k, lots of bids there atm. If your taking it, be sure to set a tight sl. Gl

٥ أكتوبر ٢٠٢١

تم فتح الصفقة

opened market short at 49.9k

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ملاحظة

for the first short I meant 50.9k instead of 40.9k.

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تم إغلاق الصفقة يدويًا

closed short from 49.9k at 50k, opened long at trendline ~50k

٥ أكتوبر ٢٠٢١

ملاحظة

Placed sl for long at 49.5k jic recent wick to 49.7k was not the end of capitulation. That wick hit a 1.618 fib target. Noticing weird behavior on the order books.

٥ أكتوبر ٢٠٢١

تم فتح الصفقة

add more to long limit at 49.6k as it could be the end of wave 5 impulse.

٥ أكتوبر ٢٠٢١

تم إغلاق الصفقة يدويًا

closed long at 50k

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تم فتح الصفقة

entered limit short at 50k, will stay in this trade. original short adjust to 50.7k, same sl and tp as noted on the idea chart.

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ملاحظة

Noticing lots of sell orders on the way up to 50.3k. Looks like someone doesn't want a short squeeze.

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ملاحظة

I expect this to be an 8-16 hour long fight near 51k. The region that may or not disprove many models

٦ أكتوبر ٢٠٢١

ملاحظة

We might get a giga pump to 54k-55k soon. Lots of money waiting on the sidelines either to fomo in or cash in on the crash.

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أغلقت الصفقة: تم الوصول لوقف الخسارة

The pump came, short stop loss triggered

٦ أكتوبر ٢٠٢١

ملاحظة

Looking back, I should've went long instead since we've broken the the 50% fib retracement of the c wave of abc corrective wave from sept 6 to sept 21st @ 44.5k on both Sept 23rd and Oct.

Also, I should've stayed up all night to close my short after we'd skyrocketed past 52k back up to 55k after the minor correction from 51k to 50k @4am est.