In this article I will explain clearly why I trade a short position $BTC at 95k1 last night. Analysis in high time frame 4h:
Based on the Elliott Wave Theory - The Ending Diagonal Wave: that's forecasting for the ending of impulsive wave (from Nov 21 to Dec 17, 2024)), that's mean the trend can reverse to the corrrective move. I marked i, ii, iii, iv and v in the image below. After that, for the Corrective move, the price of BTC needs to make a move with 3 wave
Combine some Technical Analysis method, I think market potentially bearish a half of this week, then the rest will continue to bullish. That's mean we will have a flash sale chance? 😀
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I closed 50% position to make sure got profit of this trade, the rest can holding to the final target 🤩
Fire-CAT-79
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Bearish
RSRUSDT.P 15m short position.
After broken the structure up last night, the pricing is sideway to create a trading range, when it reacts with the resistant, I decide to trade a short position.
BTCUSDT.P 1h intraday short position update: I moved down the stop loss to entry as well. So now I have 2 entries: 4h swing trade at 95k2 and 1h intraday at 93k7.
Fire-CAT-79
--
Bearish
#BTCUSDT.P 1h #short_sell
Based on the higher time frame (4h) that's I already shared last night, I continue trade the 2nd entry to increasing volume & profit as well. In this trade, we can see a special pattern: triangle (LTF) inside triangle (HTF). The triangle LTF is broken and the price is nearly support of triangle LTF, that's potentially for a short trade and panic sell to the zone 90k - 88k (firstly).
BTCUSDT.P 4h swing short position update: I moved down the stop loss to entry position of this swing trade.
Fire-CAT-79
--
Bearish
BTCUSDT.P 4h - short swing trade.
After the bull run at the end of 2024, may BTC is going to complete the last move of corrective wave (ABC - Elliott Wave Theory). So I will trade a short futures.
RSRUSDT.P 15m short position update: I moved the stop loss down to the entry for protect balance account. Then holding this position to final target 😀
Fire-CAT-79
--
Bearish
RSRUSDT.P 15m short position.
After broken the structure up last night, the pricing is sideway to create a trading range, when it reacts with the resistant, I decide to trade a short position.
After broken the structure up last night, the pricing is sideway to create a trading range, when it reacts with the resistant, I decide to trade a short position.
Based on the higher time frame (4h) that's I already shared last night, I continue trade the 2nd entry to increasing volume & profit as well. In this trade, we can see a special pattern: triangle (LTF) inside triangle (HTF). The triangle LTF is broken and the price is nearly support of triangle LTF, that's potentially for a short trade and panic sell to the zone 90k - 88k (firstly).
After the bull run at the end of 2024, may BTC is going to complete the last move of corrective wave (ABC - Elliott Wave Theory). So I will trade a short futures.
HIVE had a good bull run yesterday, I expect it's can break the resistant and continue going up, but unfortunately, the price rejected resistant, so I will do a short trade.
After moved up nearly 30% just in 2 hours yesterday, then now price is moving in the resistant & support zone. It's potentially for a long trade when price reacts good at support.