I already won. Stop loss on entry, zero risk lets gooo | Cold Blooded Charter on Binance Square

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Cold Blooded Charter

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I already won. Stop loss on entry, zero risk lets gooo

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$SOL is finally breaking out from the Falling Wedge today on the Daily chart, but this could easilily be a fakeout due to usual weekend low level of trading volumes. The breakout target is just below $250, but I am definitely not taking any positionzonly waiting for the Market Structure to flip bullish, we need a higher low next to even consider amy moves imo, and a higher high on RSI to confirm bullish momentum. Speaking of the RSI, it had a Bullish Divergence that never got a confirmation follow-through, which is just another signal for caution as far as I'm concerned. Death Cross that happened recently and that yellow falling short-term 50 MA curved down... Not loooking so good at the moment, especially with $ETH in full bear mode right now.👽

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And the $BTC ETF data... Too little to call it a trend change... Yet. And the trend has been bearish here, no doubt. Monday and Tuesday numbers will be key

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$BTC - bull or bear market right now? I'm keeping my short opened earlier this week and have added some more. Let’s take a look at what this market is doing at the moment using simple, time-tested methods to avoid guessing too much. Since the 20 January ATH, there has been constantly bearish price action, a completely bearish market structure, and lower highs and lows. The most important simple moving average, the 200 MA, is basically your bull/bear line. This is where the action has taken place for the last 4 weeks. First, it acted as support a few times, then it turned into resistance, and that’s where we are now. That’s why I don’t mind adding to the short position, right at this resistance. Momentum has been flashing some bullish potential reversal/bottoming signals, but no confirmations have followed. An RSI close above resistance would add to a bullish argument by making a higher high, but I need to see a daily close there above 55-60, combined with a solid close above the 200 MA and confirmed by another 1 or 2 solid green candles. $BTC ETFs have finally started buying rather than selling off hard. I want to see this buying pressure maintained and increased to more serious volumes this week in order to flip more bullish. For now, I remain bearish and happy with my short position. In terms of liquidity grabs, there are lots of reasons to continue with the bearish market structure and start going for another lower low to sweep the liquidations mid-$70k's. To sum up, this market is right on the brink of either a collapse into a proper bear-market season (below $72,000 would convince me—see the weekly chart to understand why) or a fantastic rebound. For a rebound, I believe we need strong catalysts, game-changing events, an end to wars, etc. That’s why this market is just as predictable as Trump, basically. Sticking to the simplest and best-tested TA is a must, in my opinion. No reason for me to sell any hopium for clicks; I trade charts, not emotions. If the charts are crap, I move to greener pastures—metals, oil, etc.💙👽

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$BTC ... my short position. So far so good. Stocks getting hit today once again too. Stop loss: daily close above 200 MA roughly 85k. Not risking much here. Smart trading, mostly shorts as crypto is now in a bear market mostly. Putin - Trump talks, I don't expect any peace or ceasefire today, but setting a stop loss right above $84500 to limit risk to minimum. 👽💙

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$BTC never fully swept that fat pool of liquidity sitting as low as $74k, and it could soon. Bearish while below 200 MA thats currently at $84077. Both Tesla and Nvidia with a very bloody opening today, so I'm going to use this Downtrend on the Daily to short a bit. Daily close above 200 MA and I'm out of this trade. This week will be full of volatility in anticipation of the FOMC later on this week. Take profit from $78000 all the way down to $74500. 💙👽

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