shorts are slowly increasing here, do watch your long positions

https://www.bybt.com/LongShortRatio

basically an overview of btc movements today

the red circle is where my 4h support line intersects the price level support for btc

it did manage to bounce a bit but i don't know how long it can last

my drawing in the morning turned out decently accurate (pure luck) but the idea of it falling is there

anyw, market isn't too good to trade now so stay safe!

I'm occupied for the rest of the day, but I'll try to share some updates here and there

trade safe!

to the top with you,
cheers!!

https://www.tradingview.com/x/izRpPcfz/

btc update

was expecting a bigger sell off than what happened last night after btc broke down from the support lines

but i guess the key support of 31k is still not broken so things are still holding for now

if 31k is broken then we'll possibly see 28k

if btc bounces well then I expect it to have some action in the red circle

but for now, i don't think the market is good for any trades

(mini inverse h&s on btc but nothing to be trusted here given btc's situation)

https://www.tradingview.com/x/mT51evBq/

very similar set up here, but on the 1h chart for BAKE

be cautious of longs though, given btc's unstable condition

https://www.tradingview.com/x/BDz5mMK7/

i think it's best to stay out of the market for now, and wait for plays with confirmation (with a focus on shorts)

take a break! 😊

📉 POTENTIAL TRADE ALERT

stopmarket short CHZ @ 0.25

SL: 0.253

#trades W

https://www.tradingview.com/x/fIfB1nk9/

CMP entry is fine as well, try to catch the retracement as close as possible to 0.25

📉 TRADE ALERT

ETH short @ cmp or higher to 1920 x30 lev

SL: 1960

#trades W

https://www.tradingview.com/x/WbbxLcHY/

ETH is now trading below 1900

if we can stay below this level, then we're good for a downhill ride

downhill ride as mentioned :-)

ETH TP 1✅✅✅

cheers!!

a retest on 1920 is expected and still has not happened,

hold your positions in SL+

btc update

supports are not holding well anymore

btc might be going down very soon

long positions are very dangerous

sudden pump can be expected from the market makers to liquidate overleveraged shorters

so keep your short positions in SL+

https://www.tradingview.com/x/3YCi7HqQ/

btc update

watch for a potential inverse cup & handle pattern

btc will then be going down with that confirmation

https://www.tradingview.com/x/xP2GxZp1/

this example is better actually

almost there...

trading at 82 cents now

https://www.tradingview.com/x/iLXlers9/

some btc updates

we're currently trading below weekly support

if we close here for the week, it will be a real bloodbath

btc needs to bounce back up above weekly support at 32k (blue arrow)

https://www.tradingview.com/x/ngFSJgmh/

📉 POTENTIAL TRADE ALERT

BTC stopmarket short order @ 31.6k

SL: 32.2k

no trigger, no trade!

will happily end the day with profits 😊

#trades L

https://www.tradingview.com/x/R4JyWfcq/