Time to go short into the Halving?

May 2, 2020

TD9 sell signals on both the 4H and the 1D.

Huge overhead resistance.

We haven’t had a meaningful pullback to test support.

There may be a final FOMO push into Halving however stay safe and realize that this thing went up like crazy for many weeks now.

Not financial advice. Just charting ideas.

May 2, 2020

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Better view. S/R levels and trend lines in the chart.

May 2, 2020

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Possible scenarios. Basically sooner or later I expect this to test lower S/R areas and thus find being net short to have better RR currently. Bias could change but for now, this is my thinking.

May 2, 2020

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Another possible scenario. Basically I do not expect this to go much further.

May 3, 2020

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Absolutely nothing has changed. It's a waiting game right now.

May 4, 2020

Trade active

Huge nuke just now. Funding flipped from + to - like crazy. Could be the start of the correction or a shakeout.

May 4, 2020

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Next levels of importance: $8580, 83xx, 80xx.

May 4, 2020

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Incredible rebound. It's looking more likely that this takes another leg up but we'll see. I'll construct a game plan in another thread soon.

May 5, 2020

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This is looking weak. A little toppy and the 2D has a TD9 on it also. Will check tomorrow on the daily close.