BTCUSD is retracing after it's whale-ish, unbelievably obvious manipulated push yesterday. This push trapped all the bottom shorters from the dip earlier in the day. I longed the bottom & plan on taking profits as soon as it dips down further in this retracement. Judging by the Ichimoku Clouds, StochRSI's, Spinning Top on the 4H, etc, it seems like BTC will dip again before another push. To avoid unwanted positions, I plan on keeping about my neutral strategy with BTC and hedging my positions at the most opportune times.
It'll take away from some of my profits but will keep me nice warm, safe, secure and feeling fuzzy.
Stay safe guys. These are killer whales you're swimming with.
Happy trading!
-Wolfie
It'll take away from some of my profits but will keep me nice warm, safe, secure and feeling fuzzy.
Stay safe guys. These are killer whales you're swimming with.
Happy trading!
-Wolfie
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More bearishness - Long legged Doji + Diamond Pattern :
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Microtrading - BTC in a falling wedge + bull divs on lower timeframes + 60min. Opening a hedge, as stated on my TradingView Idea.
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Skadoosh...