Bitcoin Wyckoff - Should I Stay or Should I Go?

2024年4月14日

Gun to head I will trade the chart as is. However, a little uncertain here so I wont be making a trade. Just sharing an idea and my thoughts.

• Hong Kong ETF - Yes I understand the whole point of T.A/Wyckoff method is to ignore Fundamental analysis, but I find it quite difficult to ignore sometimes.
  
• The AI bot that said to short 70.1k when I was bullish (and ultimately charted and stuck with a bearish outlook) is now slightly bullish (price is 64.5k as I type this)
  
• The time spent on this final support line should be a few days at minimum, so I don't see the rush, can afford to wait
  
• Halving coming up, the ultimate priced in/not priced in discussion. Not a huge factor but something I do keep on my mind
  
• The longer time frame (THE PURPLE BOXES) would make sense for this to have been bottom if we have a classic sideways Wyckoff re-accumulation/distribution.
  
• Swap fees are bearish. Meaning traders are more aggressive with shorting, I generally don't feel good about following the crowd.
  

NO TRADE ZONE FOR ME, what are your thoughts? Any ideas?

2024年4月15日

註釋

The long part played out, but still not confident to short here. I'll execute patience a little longer.

2024年4月15日

註釋

OPENED SHORT: $66,000

2024年4月16日

註釋

Current Price: $63,400
Status: Still short from $66,000

2024年4月17日

手動結束交易

Current Price: $64,200
Status: Closed short from $66,000 at $62,000.

Pretty annoying that I can't update idea on mobile app, only on desktop. I won't be posting my personal trades updates anymore.

I'll be shorting again pretty soon again.