Long from $39k on $BTC
Long from $92 on $LUNA
Short from $3150 on $ETH and added more size here at $3030.
The bounces have been great from the lows, but my priority is continuing to build the swing short position and get as much size as possible while in the comfortable hedge.
Long from $92 on $LUNA
Short from $3150 on $ETH and added more size here at $3030.
The bounces have been great from the lows, but my priority is continuing to build the swing short position and get as much size as possible while in the comfortable hedge.
While in the current set up I have room to manoeuvre on both sides, I've got the distance from the lows and the distance from my short.
I can take this time to watch price action from a relative level of comfort.
I can take this time to watch price action from a relative level of comfort.
I've had my eye on the $3040 - $3070 area on $ETH for adds, I thought we'd see strength into the open this week but not the way in which it unfolded.
Despite the price action being strong on the upside I think I'm still best positioning for downside for swings.
Despite the price action being strong on the upside I think I'm still best positioning for downside for swings.
If the aggression continues I'll reduce $ETH exposure to provide me with breathing room, if we reclaim levels from the HTF on $BTC then I'll simply double down on the position and take the average up.
I won't be looking to close $ETH completely but swing the balance of positions in favour of being net long until I can see more of the PA develop.
I've got a good base for entry with $ETH and can afford to continue to use this with good management of the longs.
I've got a good base for entry with $ETH and can afford to continue to use this with good management of the longs.
The $LUNA play is for the potential market outlier. It's been very strong in recoveries and I think is best positioned for continued strength if the conditions remain favourable for upside.
$100 is the big bearish retest, above that and it's probably fresh ATHs.
$100 is the big bearish retest, above that and it's probably fresh ATHs.
TL:DR
Great bounce, caught good moves, comfortably hedged, priority on continuing to size up $ETH swing short, if strength prevails double down on $BTC.
Still expecting us to top out within this region.
Great bounce, caught good moves, comfortably hedged, priority on continuing to size up $ETH swing short, if strength prevails double down on $BTC.
Still expecting us to top out within this region.
Adds on $ETH looking very well timed from the open today.
I’m not overly excited about the first sell off because it’s also the first pullback of the very strong impulse yesterday.
$LUNA is performing very well in light of the selling so the overall hedge is working well.
I’m not overly excited about the first sell off because it’s also the first pullback of the very strong impulse yesterday.
$LUNA is performing very well in light of the selling so the overall hedge is working well.
$BTC hedge stopped out, $LUNA hedge closed, just the $ETH short running with an average of $3,070 after sizing up again.
Very happy with the first size add at $3030 last night, got the top of the rally.
Intention is to now add further size on fresh lower low.
Very happy with the first size add at $3030 last night, got the top of the rally.
Intention is to now add further size on fresh lower low.
If we start developing LTF divergences for $BTC then I'll once again look to hedge this position - my absolute priority is still putting as much size behind this short as I can.
Happy to play into hedges to make the process a little more comfortable during the trade length.
Happy to play into hedges to make the process a little more comfortable during the trade length.
Continued to add more size to $ETH short position over the consolidation period.
Average now $3030. Just above the last sell off cluster. The aim is to continue building into areas that provide solid stop points.
Looking for a significant impulse move from here.
Average now $3030. Just above the last sell off cluster. The aim is to continue building into areas that provide solid stop points.
Looking for a significant impulse move from here.
What I need now is impulse. I’ve done enough micro entering and I need a downswing to continue to strengthen the plan.
Can’t size up again while we’re here. Needs a fresh low.
Can’t size up again while we’re here. Needs a fresh low.
Divergence chat.
The only chart with a divergence with validity (for me) is the 12h and I really think that’s still a stretch to call it that.
Most of the time these single timeframe divs invalidate.
But as always I’ll keep an eye out for a hedge on BTC if we recover.
The only chart with a divergence with validity (for me) is the 12h and I really think that’s still a stretch to call it that.
Most of the time these single timeframe divs invalidate.
But as always I’ll keep an eye out for a hedge on BTC if we recover.
You should be able to see the 12h div on the daily if it was valid (again my view)
It’s been over a significant length of time and should have shown up elsewhere too.
It’s been over a significant length of time and should have shown up elsewhere too.
Last one while the mindtrain is running.
If the 12h divergence holds up, I won’t get my impulse lower. The way it invalidates is through that strength on the downside.
So I should know if I need to protect the position based on the next few days.
If the 12h divergence holds up, I won’t get my impulse lower. The way it invalidates is through that strength on the downside.
So I should know if I need to protect the position based on the next few days.
Will demonstrate ramblings on a chart later.
Good start in the impulse lower. Swing short printing.
Momentum might be a meme, but enjoy adding to your underwater longs while I sit comfy in the short.
Momentum might be a meme, but enjoy adding to your underwater longs while I sit comfy in the short.
Given the news we've got this week I'm going to have to carefully watch this position.
Ideal scenario: Sell off heavy and tag <$2600 -> TP some -> hedge with $BTC Long.
Well actually, ideal scenario is just full puke this week.
Will be close to the screen tomorrow.
Ideal scenario: Sell off heavy and tag <$2600 -> TP some -> hedge with $BTC Long.
Well actually, ideal scenario is just full puke this week.
Will be close to the screen tomorrow.
Back to full position size again after a poor execution of some profit taking, also picked up some $2400 June Puts purchased to add to the existing $3000s (from $3500) & $2500.
All June expiries, may look to start building some September exposure soon.
All June expiries, may look to start building some September exposure soon.
Taken enough off $ETH now to bring me down to 50% remaining in the swing short position.
Incredibly happy with how I played this one.
$3250 started to build.
Ended with an average of $2990
TP 50% into $2280.
One of my strongest personal swing trades to date.
Incredibly happy with how I played this one.
$3250 started to build.
Ended with an average of $2990
TP 50% into $2280.
One of my strongest personal swing trades to date.
I hope the thread and discussion during the past 2 weeks here can be helpful to you in my thought process and planning.
A couple of people I've chatted to today spoke about feelings of euphoria at the highs.
Same works on the downside, which is probably the main reason for the TP here.
I'm in a personal state of euphoria with the profit and play that I have to acknowledge that and remove some.
Same works on the downside, which is probably the main reason for the TP here.
I'm in a personal state of euphoria with the profit and play that I have to acknowledge that and remove some.
75% out of the $ETH swing short position now
My view favours looking for buying opportunities over the coming months with the majority of profit being secured on the short side
Puts for $3,000/$2,500 closed
Aggressive $2000/$1800 remain
Buying is my focus when I have signals
My view favours looking for buying opportunities over the coming months with the majority of profit being secured on the short side
Puts for $3,000/$2,500 closed
Aggressive $2000/$1800 remain
Buying is my focus when I have signals
Loading suggestions...