Skip to main content

TLDR of updates

Will be exiting most of my shorts into the next bear breakouts. I think the moves down are important ones and may set up larger falls but we're very extended in these current falls and I think we're due to see some sort of bullish moves if we see most fast bear breakouts. We're heading into big support levels soon over various assets.

A clean break of these big levels would be uncommon. Typically if we're heading lower we'll see some sort of bear market rally and then the trade will come.

Current plans:

Exit shorts into the next break lows and stop losses are all trailed to exit if there are rallies

Wait and see how prices react to the major supports

If big break of these plan for retest/continuation trades

If supports look good pick up long trades in double bottom types of moves



via reddit https://ift.tt/3HWfC1L

Comments

Popular posts from this blog

Never under estimate the ability of sceptics of market timing to mis-time the market

I won't name names, we have some here. You'll maybe have noticed them. But it's a generic thing. https://preview.redd.it/7aziwgo6wc381.png?width=1103&format=png&auto=webp&s=264ef5fa77887f4c1a74de6f69192cc842a13131 OP SPX reaction to the 161 : BeatTheBear (reddit.com) https://preview.redd.it/fzqufzlyvc381.png?width=1015&format=png&auto=webp&s=e6a98e35523cbb31a3b67d10dd27594dea026958 These are one hour candles. This post was 3 hours ago. Count them. https://preview.redd.it/qj6ba94gwc381.png?width=1901&format=png&auto=webp&s=a6a18b509ffb36c740cf6a43acfdc885331c9539 (I missed my trade, though) via reddit https://ift.tt/3lyJPu3

I think BTC's now went though the "Typical stages of a market break"

Let's review. First see Typical stages of a market break. : BeatTheBear (reddit.com) ​ Butterfly top: https://preview.redd.it/0cmben3k4k381.png?width=1154&format=png&auto=webp&s=b0323bb9058ff5dde35ba8b592179e09b0662873 Check https://preview.redd.it/2xumdu8q4k381.png?width=1920&format=png&auto=webp&s=cc0b1bf24674b42a3f45e35dfc3f61291a4fbffd First big break https://preview.redd.it/79iv5fgs4k381.png?width=923&format=png&auto=webp&s=6c22f8575280850727acc0d8887dc13df8f70ce9 Range into hard downs. Check. https://preview.redd.it/c2hn32jz4k381.png?width=1920&format=png&auto=webp&s=f87deb48a09b11ef29fe587dd9191fdfe02b6aad If this is the case we should be getting close to the bull trap section of the move (There's still some risk of another down to 38K so be careful with stops if long). ​ In the template we've given this as a double top. https://preview.redd.it/l5l0ghh85k381.png?width=905&format=png&auto=webp&s...