ridethepig | BTC Market Commentary 20.01.2021
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📌 ridethepig | BTC Market Commentary 20.01.2021
In this position (from the $39,000) highs it's time to protect our portfolio as we try a third time to get the breakdown. This has happened in drastic fashion and a great live example of good position management. The pullback came surprisingly close to our trail, before the old shorts started cheering again at the thought of another fight!
Now sellers have to simply win the lows to complete ((iii)) which will be enough for us to trail our stops from (ii) to ((ii)) ...the over protecting will ensure we are strategic and decrease our radius of risk.
Just one more diagram (since we are tracking the MT chart) in all its forms we will need a whole new thread dedicated to the final wave in this impulse once we complete our 4th wave retrace.
I hope all is clear... if not feel free to shoot a message below or via DM.... To put simply, after (iv) is complete we can update the Weekly and Monthly charts. Why? Because the pullback here is 🔑 to the slingshot that we are tracking later in the year. And in fact, after a test of $28,000/$27,000 a lot of the retailers will be cleansed and allow the remaining warriors an excellent chance for positioning.
Thanks as usual for keeping the feedback coming 👍 or 👎
In this position (from the $39,000) highs it's time to protect our portfolio as we try a third time to get the breakdown. This has happened in drastic fashion and a great live example of good position management. The pullback came surprisingly close to our trail, before the old shorts started cheering again at the thought of another fight!
Now sellers have to simply win the lows to complete ((iii)) which will be enough for us to trail our stops from (ii) to ((ii)) ...the over protecting will ensure we are strategic and decrease our radius of risk.
Just one more diagram (since we are tracking the MT chart) in all its forms we will need a whole new thread dedicated to the final wave in this impulse once we complete our 4th wave retrace.
I hope all is clear... if not feel free to shoot a message below or via DM.... To put simply, after (iv) is complete we can update the Weekly and Monthly charts. Why? Because the pullback here is 🔑 to the slingshot that we are tracking later in the year. And in fact, after a test of $28,000/$27,000 a lot of the retailers will be cleansed and allow the remaining warriors an excellent chance for positioning.
Thanks as usual for keeping the feedback coming 👍 or 👎
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Boom!Not
Not
Boom!! Finally!!İşlem kapandı: hedefe ulaştı
Not
The dominos are stating to fall...Not
A quick and final chart update hereNot
An update here before the weekend:Not
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.