Hi all,
My last post was at the begining of the uptrend which is still in play however with a correction and sideways accumulation right under the sell wall.
That said, there's nothing concerning right now and i did not make any changes to my position.
However, since we are in a sideways trading range, we have an opportunity to take a short at the top and long at the bottom.
So, i will be looking for invalidation of an upswing at 49k before taking a short and vice versa for the downswing at 43k.
For risk management and hedging purposes, i'll not short 100% of my account, but instead between 15% - 50% and keep both positions open, unless one of them gets invalidated.
BTW, My 100k target has changed as we have continued accumulation. I'm now looking at $123k as the pnf horizontal count suggests and we keep on accumulating!
Normally i don't trade intraday charts, but this is a good opportunity i don't want to miss and besides, i'd like to practice some swing trade as i have lots of free time now :)
As always, trade safe!
My last post was at the begining of the uptrend which is still in play however with a correction and sideways accumulation right under the sell wall.
That said, there's nothing concerning right now and i did not make any changes to my position.
However, since we are in a sideways trading range, we have an opportunity to take a short at the top and long at the bottom.
So, i will be looking for invalidation of an upswing at 49k before taking a short and vice versa for the downswing at 43k.
For risk management and hedging purposes, i'll not short 100% of my account, but instead between 15% - 50% and keep both positions open, unless one of them gets invalidated.
BTW, My 100k target has changed as we have continued accumulation. I'm now looking at $123k as the pnf horizontal count suggests and we keep on accumulating!
Normally i don't trade intraday charts, but this is a good opportunity i don't want to miss and besides, i'd like to practice some swing trade as i have lots of free time now :)
As always, trade safe!
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Protect your Bitcoin investment with our realtime alerts and fully automate your trading. No more sleepless nights, black swans, rug pulls, whale pump & dumps or getting sidelined.
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.