TheCryptoChartWhisperer

BTC/USD Short Idea

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COINBASE:BTCUSD   Bitcoin
test
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Ending Diagonals
As the name implies, Ending Diagonals appear as motive waves that terminate the build and development of an existing trend (a larger degree wave). An Ending Diagonal can appear only as motive wave “5” or appear as wave “C” of an “ABC” corrective development.
Being a member of the motive structures (or modes), the five waves of the Ending Diagonals strictly adhere to the primal (overriding) rules of the motive waves. However, the subdivisions of some of these five waves are somewhat different from the subdivisions of all other types of motive structures. Each wave of the five Ending Diagonal waves is subdivided into three waves (i.e. including waves “1”, “3” and “5”). In other words, all its subdivisions are corrective in structure.
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7:34PM Central Time "Holy wick moly market makers busted shorts. I had lowered my stop earlier today to 8208 and 1/3 shorts closed at Take Profit 1. So I have 33.3% ammo for the short so I shorted the super wick we just had. I think more downside is coming..."
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Another Example ---
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Watch for what I call the "WhipSaw" action we see in Bitcoin. If you place a short, perhaps consider it looks like a rubber band if you take it pull it tight and then stretch it in one direction. What happens? It snaps back only to the other side, but then levels out in the middle...for example 2.3% followed by 2.3% down measured at the mean.
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Bounce now to $8.1k
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TP2 Reached - Point E Reached
Trade stängt: målet nått
Handel aktiv
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In at $8,022 stop $8,054. Already great trades, why risk more? That's what these margin sites want. You get that dopamine going and you chase the high trading. Some real disappointment, anger and depression are the end result if you leverage higher and lose your gains. Come back when your brain isn't high from the win and you will make much more rational decisions...
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Trade stängt: målet nått
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