Ok, after 7 days in which I confess market disoriented me I've entered another short. I was disoriented because while general picture remained bearish market was going up and I wasn't confident neither at shorting nor at longing, moreover my life is super busy right now and I could focus too much on my TA.... well this hasn't changed now to be honest.
I found that FLUX had pumped over the last few days and looked topped. Tested twice today a resistance at 0.7350 and all indicators are bearish, I decided to jump in. Off course I still expect that pump that comes after one opens a short but beside that I suppose this is a good opportunity.
1h looks like shaping bearish:
4h too:
NOTE: even if not always it's very common that a serious dip takes price peaks with lower RSI so it's possible that this dip won't be the final one or it's possible we'll see another peak before dumping.
If BTC pumps off course it's better to cut the short
I found that FLUX had pumped over the last few days and looked topped. Tested twice today a resistance at 0.7350 and all indicators are bearish, I decided to jump in. Off course I still expect that pump that comes after one opens a short but beside that I suppose this is a good opportunity.
1h looks like shaping bearish:
4h too:
NOTE: even if not always it's very common that a serious dip takes price peaks with lower RSI so it's possible that this dip won't be the final one or it's possible we'll see another peak before dumping.
If BTC pumps off course it's better to cut the short
Note
While I was out my target was almost reached but then price spiked up and despite the low volume I decided to cut it until I'm in profit. I'll enter back in case this spikes again but RSI stays below past levels
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.