BTS is looking very weak so far and is sitting on the 0.236 Fibo, if it break down this I am going to short it all the way down to 0.786 Fibo ! This might happen if BTCUSD get weak too, bringing all alts with it. This is a plan B just in case the market got bearish !
Note
Still not triggered, this point is also a very good buy point for plan A case, market getting better from now on:
Note
The market is rolling again as we can see no further lower levels on BTS, I will keep monitoring this as a means to protect from bad times again.
Note
Note
It got inside our sell level again, will keep so minutes/bars monitoring for traps and get IN shorting if its stable below
Note
Sell trigger is on 4014
Trade closed: stop reached
Our trailing stop got us out still on profit, with very low volume market these days targets must be adjusted to shorter ones:
Note
It's been hard to keep posts updated this days, but if you got prepared and defend getting IN and OUT shorting BTS and XRP, you not just sustain your wealth but also increase it. Unfortunatelly bad days happen and you got to be prepared !
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.