Crypto Mumbles
scenario 2 dump as former support broke and now turned resistance
so far my bias is with scenario 2
as you can see the former support is now a strong resistance with that long top wick just managing to tap it slightly
as you can see the former support is now a strong resistance with that long top wick just managing to tap it slightly
Crypto Mumbles
stops to entry, cheers! 😛
if you're in the trade as well, remember to take 50% profits as this trade is at risk of being stopped out any time
SL+, trailing SL, or SL entry
cheers!
SL+, trailing SL, or SL entry
cheers!
just wanted to share again how indicators are lagging and you should not trade purely based on indicators
indicators are only for you to CONFIRM your speculation or trade
it should not be the reason you're entering a trade
before the EMAs crossed, we've already recognised the new market structure LH LL, and btc is going to go on a down trend
especially important for lower tf trading!
#tips
indicators are only for you to CONFIRM your speculation or trade
it should not be the reason you're entering a trade
before the EMAs crossed, we've already recognised the new market structure LH LL, and btc is going to go on a down trend
especially important for lower tf trading!
#tips
📉 TRADE ALERT
just shorted btc as i'm not too convinced by the reversal
volume is looking really low!
stops are also tight,
btc still did NOT close above upper resistance 34855
apologies for the late message as i always prioritise my trading first before sending out a message
#trades W
just shorted btc as i'm not too convinced by the reversal
volume is looking really low!
stops are also tight,
btc still did NOT close above upper resistance 34855
apologies for the late message as i always prioritise my trading first before sending out a message
#trades W
Crypto Mumbles
stops to entry here, 25% profits taken
very quickly stopped out after taking profits and shifting SL
might look for a short re-entry here for the same reasons
still not too convinced of the bull's strength
overall, it's very volatile now, so please becareful if you are looking to trade now!
might look for a short re-entry here for the same reasons
still not too convinced of the bull's strength
overall, it's very volatile now, so please becareful if you are looking to trade now!
btc just cleared upper resistance with a bullish spinning top
with decent volume, might see a move upwards here
with decent volume, might see a move upwards here
Crypto Mumbles
scenario 3 something like that would mean it was a stop hunt/ spring test by the whales to pump up aka manipulation
so a somewhat scenario 3 played out 📈
do keep adapting to the market as it changes with possible scenarios in your head, so that you will know what to do, what trades to take, what to further expect when either scenario plays out 🤘🏽
i currently have a long scalp position which i could not type out in time
but if a retest or retracement comes you can take a long
stops 34800
but if a retest or retracement comes you can take a long
stops 34800
safest is to stay out for now if you’re unsure!
my plays might be wrong as well ‼️
my plays might be wrong as well ‼️
Crypto Mumbles
here’s a play you can try if you dare to stop market buy long 34790 stops 34650 #trades W
this trade can potentially be a 100% long scalp so don't close too early
price should never come back to entry and will keep moving upside until a flash crash or whenever btc can't sustain anymore!
price should never come back to entry and will keep moving upside until a flash crash or whenever btc can't sustain anymore!