WHY DID I CLOSE MY PROFITABLE TRADES TODAY with Small Profit?
The reason is very simple; you can guess too. We're sitting on huge profits even after recovering the losses from the signals in this horrible market. So, the greed levels and overconfidence would be very high. This is where most traders make mistakes unintentionally... just ignoring what the market is doing.
We have seen a crazy dump/rally from the past 30 days. If we look at the daily chart, there is a descending channel formation, and the price is just sitting on the lower trendline support after rising from 73k. Also, the price is below the orange line (which is major horizontal resistance). If the price crosses it and holds at 76k-77k, there will be chances for a 79k-80k rally, which is the current upper trendline in the channel. Probably, the price will test this before coming into 72k-69k. I am fully bearish on Bitcoin, but we need to consider the probabilities of going down rather than believing something blindly irrespective of current conditions.
Coming to the current situation, the price broke out from the ascending channel a few minutes ago and now came into the inside pattern again. It seems lower levels are possible, like 74.4k-74.6k. If it holds and bounces, it will be okay(we will make big profits) , but what if it is lost here? Then we have to close at entry or with a loss... I don't want to take that chance.
Sorry for too much Explanation , Hope you enjoy my Thoughts π
The reason is very simple; you can guess too. We're sitting on huge profits even after recovering the losses from the signals in this horrible market. So, the greed levels and overconfidence would be very high. This is where most traders make mistakes unintentionally... just ignoring what the market is doing.
We have seen a crazy dump/rally from the past 30 days. If we look at the daily chart, there is a descending channel formation, and the price is just sitting on the lower trendline support after rising from 73k. Also, the price is below the orange line (which is major horizontal resistance). If the price crosses it and holds at 76k-77k, there will be chances for a 79k-80k rally, which is the current upper trendline in the channel. Probably, the price will test this before coming into 72k-69k. I am fully bearish on Bitcoin, but we need to consider the probabilities of going down rather than believing something blindly irrespective of current conditions.
Coming to the current situation, the price broke out from the ascending channel a few minutes ago and now came into the inside pattern again. It seems lower levels are possible, like 74.4k-74.6k. If it holds and bounces, it will be okay(we will make big profits) , but what if it is lost here? Then we have to close at entry or with a loss... I don't want to take that chance.
Sorry for too much Explanation , Hope you enjoy my Thoughts π
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Good Morning Sats π
Turn on notifications. Next message will be a signal. It takes some time, but be quick, as our signals are for scalping; even being 1 minute late can mean missing the whole trade.
Turn on notifications. Next message will be a signal. It takes some time, but be quick, as our signals are for scalping; even being 1 minute late can mean missing the whole trade.
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$HYPE SHORT ENTRY @ 75.25 - 75.7 Stoploss @ 75.9 Targets: 74.5, 74, 73.54 Leverage : 40x Invested fund only 2%
$HYPE 1st Target Completed π
Take profits evenly out if I donβt mention the % of the position to close π₯
Take profits evenly out if I donβt mention the % of the position to close π₯
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$HYPE SHORT ENTRY @ 75.25 - 75.7 Stoploss @ 75.9 Targets: 74.5, 74, 73.54 Leverage : 40x Invested fund only 2%
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As part of CHALLENGE, I shared $ARB signal in the VIP . we got 200% returns π₯
Final Target still pending π€
Final Target still pending π€
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24% returns in just 1 day π Today's $BTC & $SOXS signals gave me good profits, even though yesterdayβs signals and todayβs first $SOXS signal went wrong. At last, the loss was recovered and I stayed in profit. $10,000 is the FINAL GOAL. Until then: Makeβ¦
Today, I managed to make 6.33% returns only. Only $HYPE and $ARB trades went well. $CL and $DOT closed at entry price. However, these two trades should have been taken at the stop-loss price; I exited early, resulting in closing near the entries.
Not a good day nor a bad day, but itβs not another loss day.
I am still not done yet. I will look for one more confirmation signal, which will be a sure shot and make double the invested money. Letβs hope for good returns, after all π
Not a good day nor a bad day, but itβs not another loss day.
I am still not done yet. I will look for one more confirmation signal, which will be a sure shot and make double the invested money. Letβs hope for good returns, after all π
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Btc Long Entry at 73700 using 2% fund Leverage - 125x
Cancel the entries , price went 74200
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$BTC Long Entry at 73400 using 2% fund Leverage - 150x Targets - 74000, 74700, 75500 Stoploss at 73000
Lost the trade . No profits today . Better to stop π
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$ZEC short term bullish Entry 1020 Sl at 1005 Target : 1042 , 1074 , 1100 Lev - 50x
#ZEC/USDT Stop Target Hit β
Loss: 73.5294% π
Loss: 73.5294% π
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