Crypto Mumbles – Telegram
Crypto Mumbles
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things I mumble to myself about crypto

basically my transparent crypto diary

education, analysis, and trades 🙂

Twitter: https://twitter.com/dpycm
Medium: https://medium.com/@dpycm
Lifemax (non-crypto): t.me/humblespace
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missed the screenshot but i closed when the candle came down to my entry! (the wick)

very lucky here to be able to close breakeven/small profit as the trade wasn't going in my desired direction

once again that was a really risky trade

never trade against the trend!
📈 TRADE ALERT

taking a small margin long on OGN at CMP

depending on the situation, might average down

reasons: bounced off nicely on support, still bullish on btc

SL: 0.65

creds to @suho_kun for sharing the trade here!

#trades W
btc 15m tf

btc went up to test against the resistance zone again and failed

however, HH HL market structure is still respected

longs are still valid as long as the support/ trendline does not break

as with all support and resistance zones, it can be a point of change in market structure
btc on a 1d tf

pretty scary to see as we’re trading in a huge descending triangle

this actually signifies that the price we’re trading at now might be a turning point as it is testing the resistance trend line

#analysis
for us to remain bullish, we definitely need a daily close ABOVE the trendline,

daily close of 34800 and above would be good

#analysis
dropping down to btc 4h chart,

if we do not close above the trendline, we'll then head back down continuing the LH, LL downtrend market structure
when trading, it's always important to first see the big picture on the higher tf first, before dropping down to trade the lower tf

although you might not be as affected by FA or the larger trend at hand, you must know when you are approaching key areas of the bigger trend (1d/4h/1h), so that you won't be caught off guard if a huge reversal happens!

#tips
just a reminder:

futures trading is very dangerous and ONLY trade what you can afford to lose

trade only with 2-5% of your wallet balance each trade with leverage that you're comfortable with

don't be greedy - it's a slow process becoming profitable, but losing everything can be in the blink of an eye

nothing here is financial advice, i don't claim to be an expert or an accurate trader, just sharing my trades and what I know to possibly help someone out! i'm still learning myself as well, there's a lot to learn about trading 📈

trading can be the best thing if done right, so let's achieve that together 🥳

to the top with you,
cheers!!
sheesh just as i was typing the previous message OGN pumped hard

i’m sorry OGN ‼️😫
going back to DOT on a 15m tf

a close above 16.112 would be great

with that resistance captured, i'll be entering a long

inverse h&s expected tp is still about 16.5
btc 15m tf

market structure well respected,

but btc can't quite seem to break resistance

we have to see if a LL is printed here because that might be dangerous
Crypto Mumbles
📈 TRADE ALERT entered long on DOT at cmp reasons: same as before TP: none (personal preference) SL: 15.6 #trades L
closed my position here as btc is dumping v hard

getting out of the market!

took a loss here, about -90%!
but of course with such inorganic price action....

there's probably a whale or financial institution shorting a huge margin now

oh well
staying out of the market for now, take a break! 😊
if btc closes below the demand zone on the 15m candle,

you can go for a short

but I won't be trading for now as I have to tend to other matters

so... nfa and atb!
somehow managed to catch the second flash crash here but it was a bit late to text the channel

extremely risky btw please don’t chase pumps/crashes
quick explanation here

after the flash crash into demand zone, the immediate next candle was a bearish spinning top (not a good sign for the bulls)

following which was a green shooting star (i mentioned this before), despite it being green i still see it as a bearish sign

mainly because bears are succeeding in pushing the bulls back down hence the long top wick

there i entered a short with a tight SL as shown in the picture

and i think pure luck that it just took a huge dump hitting 134% in a few minutes

but i hope the explanation does help you in understanding price action

#learn