Possible Bitcoin Buy The Dip Scenario
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Don't have time for a very in-depth analysis here; but the Ichimoku Cloud Kijun-sen in white has been supporting this entire bull run since $3,500; it held our wick to $6,800ish in mid May and we have just bounced off of it at $7,500.
We broke our parabolic curve which initiated this fall from 8-9k; I noticed yesterday we were in for some money moves when BTC was $8,500 and ETH was 260ish but didn't begin shorting BTC until it was stuck at 8k resistance and ETH at the 100 EMA at $250.
I placed orders yesterday (6/3) ahead of the dump for long-term entries on the white kijun-sen at $7,500 and smaller entries at $7,600ish. We wicked to $7,650ish missing my entries before wandering back up to re-test $8,000 this morning (6/4) and that's when I began shorting. Within an hour or two we began the slow slide to $7,800 and panic dump to $7,500 EXACTLY on the daily Kijun-sen where I had placed my orders. I closed my shorts around $7,600-$7,650 and $233-236 on BTC and ETH respectively and am holding my BTC entry from $7,500 for a swing trade up to $10,000 potentially (but likely will end up closing near $7,800-$8,000).
If the Kijun-sen were to fall we would see atleast $7,000 confirmed and likely lower as we test the daily cloud between $5,500-7,000. On the otherhand; if the Kijun-sen holds then the bulltrend may very well be intact and create new local highs and attempt $10,000.
That's my $0.02 starting at the charts quickly; possible opportunity to BTFD. However that being said; I would look to start de-leveraging on this next leg up if it comes to fruition though. Before this dump I started liquidating some of my longer term alt holdings from the bottom that i've had a hard time parting with until now.
Take that how you will! Keep tight stops, good luck, and happy trading!
Don't have time for a very in-depth analysis here; but the Ichimoku Cloud Kijun-sen in white has been supporting this entire bull run since $3,500; it held our wick to $6,800ish in mid May and we have just bounced off of it at $7,500.
We broke our parabolic curve which initiated this fall from 8-9k; I noticed yesterday we were in for some money moves when BTC was $8,500 and ETH was 260ish but didn't begin shorting BTC until it was stuck at 8k resistance and ETH at the 100 EMA at $250.
I placed orders yesterday (6/3) ahead of the dump for long-term entries on the white kijun-sen at $7,500 and smaller entries at $7,600ish. We wicked to $7,650ish missing my entries before wandering back up to re-test $8,000 this morning (6/4) and that's when I began shorting. Within an hour or two we began the slow slide to $7,800 and panic dump to $7,500 EXACTLY on the daily Kijun-sen where I had placed my orders. I closed my shorts around $7,600-$7,650 and $233-236 on BTC and ETH respectively and am holding my BTC entry from $7,500 for a swing trade up to $10,000 potentially (but likely will end up closing near $7,800-$8,000).
If the Kijun-sen were to fall we would see atleast $7,000 confirmed and likely lower as we test the daily cloud between $5,500-7,000. On the otherhand; if the Kijun-sen holds then the bulltrend may very well be intact and create new local highs and attempt $10,000.
That's my $0.02 starting at the charts quickly; possible opportunity to BTFD. However that being said; I would look to start de-leveraging on this next leg up if it comes to fruition though. Before this dump I started liquidating some of my longer term alt holdings from the bottom that i've had a hard time parting with until now.
Take that how you will! Keep tight stops, good luck, and happy trading!
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.