Small trade idea for the upcoming ETF release coming up tomorrow. BTC has been extremely volatile the last few days swinging from the highs to lows of the range.
That being said, we may see a second wave push to truly take out the previous high and create a swing failure trade, that can bring us back down to the range low where liquidity sits just below the range point of control and value area low.
Theres quite a bit of volume sitting in that range, and it may be possible to see a drop to pull the liquidity and rocket higher if we are in continuation of the up trend.
RSI currently oversold, we are hitting a key support level at $36,200, and we have a strong equity market which gives me a few reasons to believe bitcoin may have one last push.
That being said, we may see a second wave push to truly take out the previous high and create a swing failure trade, that can bring us back down to the range low where liquidity sits just below the range point of control and value area low.
Theres quite a bit of volume sitting in that range, and it may be possible to see a drop to pull the liquidity and rocket higher if we are in continuation of the up trend.
RSI currently oversold, we are hitting a key support level at $36,200, and we have a strong equity market which gives me a few reasons to believe bitcoin may have one last push.
ความคิดเห็น:
Looking for lower now that $36,200 is broken.
การซื้อขายยังคงดำเนินอยู่:
Seems like the market is pushing with strength attempting to reclaim this weekly zone.
If we can break above here and hold, this would give me confidence of the price likely to move back higher.
Wathcing $38k, if we push past then lets look higher at $40k - $50k
If we can break above here and hold, this would give me confidence of the price likely to move back higher.
Wathcing $38k, if we push past then lets look higher at $40k - $50k
ความคิดเห็น:
Long $36,900
ความคิดเห็น:
Big buyer demand, long wicks testing seller strength getting absorbed by buyers.
ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน:
Was still open to a move down but I will be looking to open a new long once I have more data
การซื้อขายยังคงดำเนินอยู่:
My bias is still bullish. I feel like 38k will likely need to get taken out again. Re-entering long at $36,250 monthly area.
ความคิดเห็น:
ความคิดเห็น:
Big resistance at weekly level. 37,400. Was hoping to blast through here. Closing this long trade for now with good profits. Will wait for some more data to give me a clearer picture.
ปิดการเทรด ด้วยตนเอง
ความคิดเห็น:
Waiting to see the reaction at $38k. If we blast through it with strength we will likely go higher. If not, look for a reversal trade.
ความคิดเห็น:
finding some resistance, heres the bigger picture.
ความคิดเห็น:
this thing just keeps on swangin ... faked out upside
ความคิดเห็น:
I think we may potentially get a move up to $40k, So far, structure is making higher highs and higher lows. If we are to see a reversal confirmation, we would need to see a change in market structure. $37,700 seems to be our support level, if we break below but do not make a lower low, I would consider that a long entry.
ความคิดเห็น:
very much aware of both sides. be cautious.
การซื้อขายยังคงดำเนินอยู่:
Looking upwards to $39k.
ความคิดเห็น:
Nice pump past
41K
41K