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Cold Blooded Charter
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$SOL
hidden gem, $chat (solchat token) to integrate Ai into their service
Very Bullish news and Im adding to my long-term spot holdings: $0.78.
🍹💙👽
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Aviso legal: Se incluyen opiniones de terceros. Esto no representa una asesoría financiera. Puede haber contenido patrocinado.
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SOL
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-1.44%
988
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Well my last posts are aging well, still riding the short position on $BTC $ETH and a few others. I haven't been active on Square, working on sth more important and keeping up to date with markets. Crypto is in a bear market right now, Bitcoin not fully yet, last areas of support on higher timeframes right now. Even $XRP has entered its own bear market after falling under the 200 MA ($1.84 more or less). Best strategy to follow, either to catch flash crashes and take profits on rebounds or look for short set-ups, according to the main trend. Money in trading can be made either way, as long as you follow TA rather than emotions 💙👽
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Bloodbath in the markets right from the opening of this week.. $BTC only temporary bump, Saylor's time to buy, unlikely to last. Keeping my short intact, $ETH even worse. 👽💙
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$BTC ETFs had a few mildly positive days until hot US data hit markets. Yesterday (Friday) flows were negative. Again 👽
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My $BTC short position 6 days later, let's see if I was full of crap or not, properly. Last weekend, a lot of traders were flipping bullish, calling a bottom etc. I decided to keep adding size to my short position, until a few clear technical conditions are met, and they were: 1. Bullish closes above 200 MA: we never saw any of that, instead, Bitcoin crossed above the 200 MA (green line) with weak volume, followed by a few weak daily candles with clear top wicks (rejections) and not surprisingly dipped back below that key moving average. 2. The momentum never made a higher high, instead it once again got rejected at 50. And this is adding to my bearish bias. 3. No higher low, no higher high. Why would anybody flip bullish before the market structure flips or at least shifts bullish. Simple TA has done the job here, as evidenced again. Now, many traders got trapped with their longs, so my bearish thesis becomes stronger, actually. The liquidity pools have been becoming larger and larger below, I'm still eyeing the mid 70k's. One thing to remember here is that any downward price action is creating a CME gap until Monday. Will update this position tommorow, taking some profits at 60% roi, as a monthly Liquidity pool has now been swept. 💙👽
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$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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