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After a few days watching BTC, I would expect to see a reaction.

已更新

BTC has for the most part stayed under the 4k but slowly gaining volume. I am still weary of it going to 3550$ but some risk are just worth taking. This isnt a long term trade, my monthly chart still valid in a short entry.

You know the drill, your money your choices.

Be mindful if you dont have experience margin trading, dont try it. It is better to do exchange because there is no risk of liquidation.

In the battle field, some time you have to duck others to jump, but never stop moving.

註釋

Dont get caught up in the little waves. We have no volume yet but I hope as the day goes by we pick it up. If you didnt enter below 3.7 just watch it carefully. Other than that, trade with caution and happy trading. I will be back once something major happens. Now is just normal development. Support still at 3550ish. We are not out of the ditch yet. :)

註釋

something to consider. Shorts got stocked up to a high percentage. perhaps we will see a reaction for the divergence shortly.

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Bigger picture

註釋

This is my last update for this one. I am holding my longs due to rsi recovery as expected. We could still hit the 3500 levels given some momentum for the longs to fill. Shorts are still stacked up to a high %. Playing the short squeeze strategy is a high risk high reward one. I still don’t have a reason to believe we are going down again but if I do, I will come post it. Just make sure you set your stop losses where you feel confortable and if you are not margin trading I would think of allocating to increase holdings.

This isn’t a trading advise, your money your chirices. Trade with caution. Happy trading.

MY MONTHLY CHART STILL ACTIVE FOR FINAL LOWER TARGET.

註釋

Getting ready to jump ship. 3450 my exit. Trade with caution.

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Trade active

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We have arrived at our first resistance. It is still looking strong. 4100 must hold if not 3500 would be a possible support. Trade with caution. Merry Christmas and happy new year.

交易進行

Things have changed a little bit. Best target now is 5500$. Monthly first cross just happened. Price will relief the market before a new low. Still holding my long position till we hit some targets.

Happy new year.

註釋

Back to square one, this time just a little tough to stay optimistic. As the daily was gaining some strength, the weekly definitely was opposed to see it happening. The more we continued in this price levels, the more likely we will see the monthly chart giving us a cheap btc. I already have set my 220$ BTC buy orders. Good luck.