Looks bouncy for a daytrade position. I got my entry way lower @ the 1Minute Double-Bottom but closed it to see if it'll drop back down. Opened up a stop at confirmed wedge breakout point. Possible inverse H&S.
Position is just a hedge for my short. Locking in profits and daytrading longs while HODLing my short open.
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Lets go back to trading Price Action....
We have a Spinning Top on the 30M + a Tombstone on the 15M.
Exited my 'double-bottom' 1 min long with good profits. Entered a short.
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These are also some channels I am closing watching. 1 Is the downtrend channel, the other is the new uptrend channel.
These are important because they have yet to be confirmed but are predictive towards a good entry to draw the bear channel, bear flag or diamond reversal.
Thumbs up this for my neat organizational skillz.... or lack-thereof :D
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Looks like the Diamond is closer to confirming. I am still in my short but placed an exit to receive no losses + have an entry stop @ confirmed breakout point to ride the Diamond Pattern wave.
Also seeing more spinning tops and shooting star price action candlesticks that are pointing towards bullishness.
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Price Action Trading Update - Dont like the green dildo. Closed the short. Potential Inverse H&S forming. Could be a squeeze up to 6300s before we make a rising wedge for a continued down move.
Won't open a long. Will just wait for a breakout confirmation and short the breakout.
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Price Action Trading Update - If this candle closes as an Evening Star with the trend break rejection, then I'll re-open my short.
50% Profit taking will be done around the Double Bottom area at 5900s.
Once again, I still am not touching my 2nd account's short from up above until the daily shows oversold indicators.
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Price Action Trading Live Update :
So I didn't get to enter into any trades yesterday on my daytrading account. I saw the high funding and thought that it would pump for funding, so I placed an entry stop below supports and left to go condo shopping.
Unfortunately my stop never triggered and I never placed an entry above, so I missed the big pump.
Anyways, price is RIGHT BACK to where we were yesterday and I'm seeing Bear Flag + Rising Wedge with a Doji candlestick on the 3H showing uncertainty within the bulls and a Shooting Star clarifying that into a bearish set-up.
I believe we'll go down further, however I'm still keeping my entry as a stop. As for an entry above, I have placed shorts @ the resistance levels.
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A whale just exited on Binance.
#ExitAllCryptoMarkets
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I warned you.
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Spinning Top within a 3-touch floor on lower timeframes.
Bounce possible.
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Falling Wedge into an Inverse H&S... bounce seeming more and more likely...
If it does bounce around here then it'll fill an even larger falling wedge shown in 2nd picture.
Falling Wedge :
Again, this is all just choppy side-ways action that I discussed and talked about in my previous Long Term BTC Idea -
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I'm drunk af and I can easily say that the whales have NEVER given you a CLEARER signal of bullish-ness.
My short exit filled @ 5769. The only thing I regret is that I wasn't around to flip my position into a long.
However, with all of that being said I think we are in a clear bull rally for my long term bullish analysis.
Load up on some mid-leverage longs @ the supports and let it ride...
Also.... DYOR... cuz as I said... I'm drunk af... so if you trade solely from this post...
Unfortunately I am not getting laid tonight #Sadface :(. I left some chick to come update you f%$^($#
go ahead...
Report me.
:hammer:
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P.s.
I love ladyboiz...
unfortunately... there's not much in Vietnam... /sadface :(
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Also.. for those of you interested in muh 1-100 BTC challenge..
I'm @ 4.7 BTc.
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Market looks dumpy, but be careful for manipulation. Make sure you are hedged with proper stops.
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Whales spotted on the 1M chart volume. They are eating up the stops that are getting triggered.
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"It was all a dream..."
Look out for the potential Diamond Reversal pattern. Multiple bear divs on higher timeframes + overbought stochrsi.
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What if.....
>>Can still happen b4 29th.
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I am getting Bearish...
>>Diamond Reversal possibly at play >>Rising Wedge on longs >>Hit support on shorts
I think whales are washing all that buy volume into short positions to cause FOMO and will then liquidate their long positions with their short push and re-fill @ the lower supports.
Shorts :
Longs :
What do you think is a safer play?
I'm out of the markets. Got entry stops set. This is a >> NO TRADE ZONE! <<
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