Bitcoin Wyckoff - Should I Stay or Should I Go?

14 thg 4

Gun to head I will trade the chart as is. However, a little uncertain here so I wont be making a trade. Just sharing an idea and my thoughts.

• Hong Kong ETF - Yes I understand the whole point of T.A/Wyckoff method is to ignore Fundamental analysis, but I find it quite difficult to ignore sometimes.
  
• The AI bot that said to short 70.1k when I was bullish (and ultimately charted and stuck with a bearish outlook) is now slightly bullish (price is 64.5k as I type this)
  
• The time spent on this final support line should be a few days at minimum, so I don't see the rush, can afford to wait
  
• Halving coming up, the ultimate priced in/not priced in discussion. Not a huge factor but something I do keep on my mind
  
• The longer time frame (THE PURPLE BOXES) would make sense for this to have been bottom if we have a classic sideways Wyckoff re-accumulation/distribution.
  
• Swap fees are bearish. Meaning traders are more aggressive with shorting, I generally don't feel good about following the crowd.
  

NO TRADE ZONE FOR ME, what are your thoughts? Any ideas?

15 thg 4

Ghi chú

The long part played out, but still not confident to short here. I'll execute patience a little longer.

15 thg 4

Ghi chú

OPENED SHORT: $66,000

16 thg 4

Ghi chú

Current Price: $63,400
Status: Still short from $66,000

17 thg 4

Giao dịch được đóng thủ công

Current Price: $64,200
Status: Closed short from $66,000 at $62,000.

Pretty annoying that I can't update idea on mobile app, only on desktop. I won't be posting my personal trades updates anymore.

I'll be shorting again pretty soon again.