Quick and easy one.
Closed my scalp into the drop, I expect further downside but due to frontrunning the daily signal I'd like to remove size.
Happy with this tiny trade (~$70) until HTFs start giving clear signals
Will hedge short big if the daily closes around 6490~
$BTC daily update:
All the chop on the lower timeframes disappears when looking at it from a higher timeframe perspective.
After hitting the bottom of the TR, we're now approaching the top.
S: 6187~
R: 6480~
Intraday we're right at resistance, I wouldn't enter new longs here.
$BTC intraday update:
Range top hit.
This is where I start being careful.
I'm still net long but whenever we approach range boundaries I take longs off and start hedging short.
The altcoin reaction to the BTC move is very promising to see though.
$ETH finally touching a useful horizontal.
Still in a very tough spot, will be watching how we respond to this level.
The ETHUSD funding on BitMex is still atrocious, might push price down further.
Looks like capitulation, that said the last one took us down 40% in 1 week.
@donalt we had over 8 hits in the last 10 trades, so looking forward to the weekly close to hit some more targets! get in over at donalt.vivatrader.com
@donalt ok after some consideration, I have opened a few more spaces up over at donalt.vivatrader.com so if you were on the waiting list, here is your chance to join again!
This is the last time I do this but here you go:
My last 3 BTC and last 3 ETH trades.
Just because you're unable to buy the bottom of a range doesn't mean I am.
I always enter in parts, that's why my actual average sometimes is better/worse but this is a broad overview.
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