Let's see how this plays out but 3 daily closes inside the bands, no bearish signal during downtrend, clear trendline. Will compound upon reclaim of 68.5.
Decided to TP 50% here as I want to secure profits before the weekend. Still expecting further downside but want to keep my eyes off charts for a bit. $ETH
Current Positions:
$BTC Short since 76.3k, compounded at 73.8k. TP1 at 67k. Will add more if given opportunity.
$ETH Short since 2.1k, compounded at 1.96k. Targeting equal lows at 1.37k
I've cut all of my long positions.
I haven't taken profits at all on my $ETH short since I had conviction that any bounce is an add to the short, which I did at 1.8k. Any solid recovery will need some consolidation here so I'm willing to ride it out and TP 50% a bit lower.
About 1 month of holding this short and I've finally hit my original target. I added at 71k and 66.8k. Now I've got 20% left targeting September 2024 low of 52.5k but willing to close it before depending on PA.
This the best trade I've had this year so far. bitcoin:native
Price couldn't find acceptance above white line and now retracing. This is the bull case scenario, if it reclaims, I will look for longs. Otherwise I'm still heavily in shorts. $BTC