BTCUSD: Possible scenarios for the bear market

Atualizado

I think it's now fully confirmed that a bear market started, as per the long term signals in 's 2 month timeframe chart. I draw a couple possible scenarios, overall what matters is the general idea, not the specific path. We will trade each swing, with our remaining exposure to crypto, which is now reduced to 25% of net worth max, to let it grow from there once again.

Cheers,

Ivan Labrie.

Nota

We covered our shorts, cost basis on chart, was a 20% position we had.
Bought back spot holdings...
Potential upside targets for if we do get a trend signal

Nota

Speculating on a way for price to act here at support... chart

I added at 7846 eur.

Nota

Holding above the last CTFC meeting level is constructive here...Last day of the recent decline today...

Nota

I sold margin and spot longs here to be safe. We could short if we break below yesterday's or today's low, the daily uptrend could be a failure and this price pattern here be more of a sideways non-trend/triangle

We can reenter if breaking up...

Nota

Went short:

Entry 11344

Nota

9150 eur

Trade fechado manualmente

Short covered, still in cash.

Nota

could turn bullish once more here, we wait and see

Nota

We can get a buy signal here within 25 minutes, tight stop... chart

If we do break over 10150, things will look great for bulls again.

Trade ativo

'[18:00, 3/7/2018] Let's buy our spot back here, if we break lower, we will hedge or go back to cash

7901.2 EUR / 9765.2 USD
[18:12, 3/7/2018]: We bought back at our old long cost basis, except now we have 17% more roughly

Nota

This could be how things pan out, if we do move higher from here in

Trade fechado manualmente

Took a small loss, but will reenter long when safe...or simply short if we get an entry. In cash for now. Lost 1.1%.

IvanLabrie

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