Double top then pullback?

2 בדצמ׳ 2023

Double top then pullback?

3 בדצמ׳ 2023

הערה

Entry target reached.
However, I would be more confident to take this short if BTC were to hit 40k-40.5k region at the same time. If you're long, this would be a good area to TP.

2 options:
1) Enter part of my position size here, so if BTC were to drop from here, I am in the trade
2) Stay out and monitor BTC price action

4 בדצמ׳ 2023

הערה

I think that this trade setup is still in play. However, I would remain patient and monitor BTC price action as i still think BTC can go higher.

3 possible scenarios:
1) take out the highs(red) and then drop
2) take out the high(blue) and then drop
3) pump to the moon

5 בדצמ׳ 2023

הערה

Honestly think that the ALTs will either range or slowly bleed as BTC do it thing. Or I could be wrong and ALTs will play catch up now. Would be cautious of entering shorts now. Would monitor BTC closely before entering a short. Definitely would TP fast to lock in profits.

6 בדצמ׳ 2023

הערה

A nice 7% drop from Entry target. Still think BTC could go higher. TP should be taken, stoploss to entry. A guaranteed winning trade.