Finally big BTC swing short from 76.5k start running in solid profit. What an amazing start of the day. Ofcourse im still holding it.
Looks like some last chance for ilusional bulls ;)
So fake up to re-test 75-78k with June monthly candle open and see ya at 60k. Or also the chance we go straight to hell if orange guy goes creazy with Iran. Anyway we are positioned well.
#BTC #BEAR #UPDATE #MARKET #CRYPTO
$75000 level is psychological and technically strong suport, so id like to wait and see reaction around this zone before opening next trades.
We are in solid profit since i back to work from 18th May.
Here is small summary
Total Intra-Day setups - 17
In profit - 14 setups
In loss - 1 setups
Breakeven - 2 setups
Accurary - above 80%
You can check it out at https://t.co/rXuKtjbWJY
Small update about market which was published at our telegram channel just few days ago when BTC price was around 83k. Right now is 76-77k and im still expecting more downward movement. Main swing is running. OI, volume, funding, liquidity dont lie, social media and influencers (not traders) do.
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#BTC #ETH #MARKET #UPDATE #BEAR #MARKET
CoinPulse VIP Trade
Pair:ย BTC #SHORT
Entry 76900
Targets :74900 - 71000
Stop loss 78100
You can trade it on https://t.co/5viGw3pbco
CoinPulse VIP Trade
Pair:ย ETH #SHORT
Entry 2115
Targets :1990
Stop loss 2185
You can trade it on https://t.co/5viGw3pbco
I see crowd start trying to catch the falling knife. Easy money for shorts in my opinion. Funding green, much liquidations at lower levels. Dump should continue. Just added next part to my big swing short on BTC. Entry is around 76200 now. Position value 200k usdt. ETH short was closed yesterday at small profit. Today 2 intra-day shorts BTC/ETH + update on BTC swing.
BTC. Keep it simple. UP 33% since bottom (Usually correction range in long term trends). Pure trend channel acting as potential bear flag. Uptrend broken --> Re-test (now) ---> We should get the continuation soon and possible test of support of flag/trend channel. Analyzing from big tf to small tf. From volume analyze i can see the whole upward move was done mainly by futures aggregated volume, not spot and usually we can read it as spot = real move we can trust with solid basic buying power and real interest of BTC holders, futures = the move created mainly to take the liquidity and flush out the traders, usually fakeouts and corrections in trend. Max we can get is (maybe) some wick at Monday 81k. But overall target is 70k and lower (under 60k in case of breakdown the trend channel) Im still holding short positions.
TRUMP HAS REPORTEDLY REJECTED THE NEW IRANIAN PEACE PROPOSAL, WHICH WOULD OPEN THE STRAIT OF HORMUZ BUT LEAVE THE NUCLEAR DEAL FOR LATER TALKS...
#TRUMP#IRAN#MARKET#CRYPTO
We are in bear market. And as in bull market corrections occurs, in bear market we can also see the corrections. Historically BTC usually correct 30-33% in mid/long term trends. From $60k to $79k is around 31% now.
Do not be the person to remain bullish at $90k just to flip bearish at $60k and then to flip bullish at $80k. Its wrong!
#BTC #MARKET #UPDATE
I think BTC will reach the $68000 - $70000 zone soon, fill the CME gap there and there will be important point for next swing. Either we hold the zone and target $80k- $82k zone (also CME GAP). Or break the $68000 level and create new low. For now im still holding short positions, reaction at the given level will decide about exiting the trades or keep holding for bigger return. I will keep You updated.
#BTC #UPDATE #CHART #BEAR #BULL
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