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Pumptruck2
Jul 22, 2019 4:31 AM

Head and Shoulders Short

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

While every one has been looking at the IH&S a new H&S has formed looking to break to the downside. A break of the neckline will take us to 9.3k and a very high likely hood of new lows under 8k.
Target 1 - 9.3k
Target 2 - $ 7.4k

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Break down and retest.

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we likely nuke through this support at $9900 soon

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tradingview.com/x/kbiLaTuI/https://www.tradingview.com/x/kbiLaTuI/
Theres also this, ill stay in my short as long as we dont reclaim $10300

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Watching this

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This is why you trade on HTF

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So many people longing every retest of previous support. This is what everyone did when we crashed in January 2018

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Lol can make this stuff up

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can't*

Trade closed manually

Closing this here at $9800. Might open a new one higher

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Shorting here at $10100

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NICE $600 drop

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Adding to short here, Will probably close week around 9k

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Out of all my shorts at $9600. Bias netural to bullish. Bullish conformation on break of $10300
Comments
Project_SMC
Much agreed I I actually took a trade at 11250 for a buy
Project_SMC
Hey Man Your killing the bullish short term dream.... that bright green candle may be hope to some lol but foresure this thing is about to get active !!!
Pumptruck2
@DotBrax, thanks man, i think that was the last rally before we make new lows. Alts are looking lower as well as none of them got past their resistance lvls
Pumptruck2
@Abu97, Lmao 5 mins after my comment we tank $600 wtf
Project_SMC
Another head and shoulders off the 30 worked hit my stops at 9950 !! this one had a death cross wow !!
Pumptruck2
@DotBrax, yeah i saw that forming, tomorrow is going to be a sea of red in crypto
Pumptruck2
@DotBrax, Everyone trading on LTF getting wiped
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