Am currently waiting for bitcoin longs. I think its quite probable that the market will return to 100k area by the end of the week.
On the chart I used the path tool along with risk to reward tool to highlight potential price movements and entry areas.
I'll update in the comments when am entering.
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In the mean while took a scalp short. Seems we breaking down lower to 90500 area. Monitoring closely though, I might exit and wait a bit for correction back to 92800 area if I see market looking like its pullback as its a bit low right now
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Updated take profit on the scalp short
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Repositioned short. Early short price went in my favor for a but was late to the move and didn't get out in time.
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That last attempt at short also didn't work out. But caught an impulse long this morning. Waiting for a bit of correction to scale back in- That would be the big long trade entry for 100k area by weekend
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Scaled into long position
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Scaled into the position a bit more
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This is a more accurate representation. Extended my stop a bit to 94650
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Just scaled into bitcoin a little bit more
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Closed 70% of bitcoin long position
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Scaled into bitcoin long
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Scaled into bitcoin long a little bit more.
New avg entry: $96830
Stop: $96195
4-5RR
70% tp at $99500
15% tp at $100000
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Extended my stop a bit to 96000. Don't think I need that much its just to avoid a wick spike. If a wick spike does happen and market still looks like it wants to fall lower I'll probably exit before then.
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.
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.