Id be careful trying any longs right now fellas. Bulls attempt to stop this was pretty half-assed today.

Bitcoin trading calls

Just added some size to short and moved stop closer to 81700

Bitcoin trading calls

Selling should probably start picking up steam if Im right about this

Bitcoin trading calls

As ugly as the btc bull move off 60k low is, ETH is even uglier. Can easily see ETH make new lows below 1800. That aint going to happen without BTC dropping hard too

Bitcoin trading calls

Lets see though. So far the drop hasn't been impulsive either, but still heavy looking. Bulls trying to put a stop to this now, but i dont see any reason to close and reverse yet

Bitcoin trading calls

Dont see any good spot for btc to make a turn. Whole move from 60k has been tested already (and restested in many spots). So choppy, the whole thing. Nothing impulsive, just chop. Probably needs to go back down to the low at 60k and start ...

Bitcoin trading calls

Some important lines around shaded rectangle. 1.25 retrace and 2.0 extension at same spot, and a 5.0 and 3.0 retrace just below that. Setting target before all that though at 63k. Might head down to those lines in a sharp sell off and take out the ...

Bitcoin trading calls

Look at 4hr ETH chart. Entire move in grey area looks corrective, which suggests new lows coming

Bitcoin trading calls

I think you are right Yuva!

Bitcoin trading calls

Put a fork in it Olu, this thing is headed down. Could be wrong of course, but really dont think its got another high left in it

Bitcoin trading calls

Remember I said this looks too perfect before? NOW it looks just right

Bitcoin trading calls

PLENTY of bitcoin still for sale apparently

Bitcoin trading calls

This red TL going to break i think. Bull move off 75k low started ugly and now finishing ugly. That low is going to be revisited at minimum. The whole move off 65k low is ugly as hell too. So choppy! Truth be told the entire move from 60k look soft. ...

Bitcoin trading calls

Move in grey shouldn't have happened. And move in orange looks weak. Whole thing just looking heavy now. Very labored. So hard for bulls to go anywhere. Not the look of a true bull market. How far down we go I don't know, but could be a sizable ...

Bitcoin trading calls

Now Ive seen enough. Just closed and reversed, stop at the high

Bitcoin trading calls

TRICKY fucking market today. I guarantee you 5 years ago i would have closed long and reversed right where the arrow is (chart 1). With that look and a TL below i would have figured its going down. But im watching from inverted look (chart 2) and ...

Bitcoin trading calls

Still flirting with the red TL below (chart 1). Goes back to test that one and not a good sign. Needs to get the hell away from it already....like far away Shorter TF, im looking at today's selloff on inverted chart (chart 2). Doesnt appear that ...

Bitcoin trading calls

The thing about big trades is you cant expect it to just go your way the whole time. Theres going to be moves against you. You cant panic. Use the counter moves to add when they look like theyre about done with. If they turn into something ...

Bitcoin trading calls

Thanks Olu. Yeah, if price retraces back to original entry and you add size, you're just adding risk unless stop is placed closer than originally

Bitcoin trading calls

Its all about DEFENSE.

Bitcoin trading calls