שורט

BTC Losing Momentum.. About to Bang Head

מאת ‎lazytrade‎

מעודכן

Against the concrete ceiling.

עסקה פעילה

SAR Strategy on the 15 just went to sell, expecting it to hit the 1h chart shortly.

הערה

If BTCUSD closes above 8150 today, then I will flip to long but for now I'm still on short.

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I will also flip my position if we enter trading hours on Monday in the 8000+ range. If price is below 7900 at that point, it will probably be a bad week for all the coins. IMO

הערה

Super interesting candle to see on the 15 right now.. this could be the decider.. I just can't see bulls throwing more good money after bad at this particular moment in time.. maybe if Russia retaliates..

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Clearly still in the downtrend from my perspective.

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I really didn't expect to actually hit the downtrend line, but it *might* make it over there..

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Break out the tissues!!!

הערה

Welp, BTC is putting up the good fight. I feel for it. It could still float around this price point for another 2 days before hitting my trendline.. so I'm going to set a stop loss over it and hang on the charts..but it's a pretty exciting turning point.. will it break thru or not? If it doesn't, will the rest of the market drain as well? If that happens I think it's gonna be a slim summer for hodlers.. if it breaks through then I expect the market to react with joy and it will be a good time to stack coins for a while.

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*try not to* hang on the charts, lol.

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On the 6 hour chart...my trendline is:

Above the current price in log mode
Below the current price in non-log mode

On the one day chart, it is above log trendline
On anything shorter than 6 in non-log mode.. they are well shy of the trend line.

Razors's edge until we're out of the 7800-8500 range.

If anyone wants to clear up the finer points of log vs non-log in the longer hour time frames I certainly wouldn't mind. :)

עסקה פעילה

lazytrade

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