I still hold the short at #bitcoin , I have fixed half of the position. I will make an addition from 27670 and from 28900, if they give it.
The level of 25300 has worked, the volume has entered, so a local reversal down again will not happen in the air, but most likely from volume levels. When this happens, the targets are the same 24,700 and 23,000.
For me, the most likely is that the price #BTC will go down to test liquidity levels and my last short is opened at 27190. Now a base is being formed on the 4H timeframe and it already has 3 points. We have 2 scenarios:
1. There will be no 4 points or it will be pressed down (a liquidity test on smaller timeframes within the base will be enough for the price);
The price continues to stagnate at the already punctured level; there are no volumes that would signal a significant upward move. The zones around 25300, 25700, 23000 also look attractive.
According to #CME, all that looks attractive at the top is the gap in the area of 29300, but we can leave it unexplored for a long time, just as it remained in the area of 20600. And it seems that the development of the nearest gap is starting right now.
I don’t plan to open positions at #BTC in the range of 26800-27600, because the zone is borderline and it is impossible to say with certainty where the price will exit. After leaving this zone I will do something and I will share it with you.
Doesn't the current situation on the chart #BTC resemble anything?
Just like that time, they were confused by this swing, they increased their positions, many traders have now gone to the fence (sitting without a position) and now it is easy to slowly pull the price up, drive people into higher longs, and then cut again.
So I’m waiting for a short entry higher (maybe 28900) and I’m also currently considering alts for a short-term position.
The lower border and the UST zone have been held for now
Despite the fact that my main target zone for #BTC is 25300-23000, I don’t want to short now and I don’t regret that I closed the short at 27900. I expect that I will take it even higher when the helicopters run out and the market is fed another positive.
During helicopters, I don’t like to be in positions or go into positions to avoid mistakes. Tomorrow I will share my analytics.
Closed short#BTCat 27900 immediately after the release of good inflation data.
Now I also note that in comparison with the SPX500 #bitcoin looks great.
I’m watching the market and the thought slips into longing some altcoins, because... Bitcoin went up on a positive note and if it holds for at least 1-2 days, then there should be green sticks for alts throughout the market.
It is worth noting that the resistance zone of the 1D timeframe held and the downward reaction was strong.
Also at 4H, and even at 1D, the formed liquidity is clearly visible, which let the price go down and now the price is testing resistance. And when the price is below resistance, we do not take long positions.
Once again I was convinced that I was trading the correct short position for myself at #bitcoin .
#AR excellent setup - stop volume + base. If the price sets a trap and tests the stop, there will be an excellent entry at #short . #futures #altcoins #trading
For #TOTAL 2 (capitalization #altcoins ), the picture also indicates a further decline in prices. Therefore, you can consider #short for altcoins. I’ll try to share ideas as soon as I see something interesting.
So far I have only taken #ETH from 1906 as a short.
Yesterday I expected more volatility during the rate hike and the meeting, but everything went calmly and I already thought that the market would go down like that, without pouring higher shorts.
But then #bitcoin still took the second order to enter the short position and this was caused by the fuss and anxiety around the banks. They are already collapsing, and rate hikes are only making the situation worse. The price of Bitcoin reacts very positively to any mention of SCAM banks or the prerequisites for this. Therefore, the banking sector must be divided 100% into both.
#bitcoin went up under the negative pressure on the banks. I don't think this is a serious movement. From the first POC level there is every chance to turn around.
It feels like #BTC should now reach 30200, or even higher. So I’m not considering shorts at all. And it seems to me that it’s possible to try to short-term long the altcoins that haven’t flown away. #bitcoin #futures #altcoins #trading