HuskyHodler

This is my HTF analysis for bitcoin. First, M1: I am looking at the 50 SMA to provide support for either a strong dead cat bounce or potential reversal. If that fails, we have the top of the previous cycle. Anything below that would look bad for the asset as a whole.

Taking this, around 2% risk on challenge account including fees:

The trade that I am looking for is a capitulation event in somewhere in the 2.6-3k region followed by a strong bounce towards 5-5.5k. I will look to buy heavily around the former and sell heavily at the latter.

3D: The biggest resistance above us is the 3D block that had previously provided support for basically all of 2018. This will act as strong resistance going forward and a clean break of this would imply that the bottom is in. Highly doubtful that we break it in the first pass.

This is my HTF analysis for bitcoin. First, M1: I am looking at the 50 SMA to provide support for either a strong dead cat bounce or potential reversal. If that fails, we have the top of the previous cycle. Anything below that would look bad for the asset as a whole.

@SalsaTekila yeah shorting here for anything apart from scalps is pretty retarded imo, ive been buying spot BTC from 3.5k and will continue to buy all the way down to 2.5 incase we get a nasty capitulation wick. Gonna see if a good leverage swing setup presents itself aswell

@SalsaTekila imagine this happens

@SalsaTekila nah breh we goin back to 3450 to refill my short and die

Covered short from 3425, made like 5% on challenge acc:

@SalsaTekila im short from 3425, will re-evaluate if we sfp 3380. looks like shit to me honestly

Daily looks like shit, opened a small short on challenge account, looking for places to add.

@SalsaTekila aight lets get it

@SalsaTekila Ill join you for this, on deribit though, sending a coin there ill make a sub account or something. Lets see who gets there first

Havent eaten in days. This is the plan, convincing close above 42 sends us to 48

Plan worked out but never got my entry. No food for me, waiting for a better entry now.

Cant afford any more dog food, maybe this scalp will help