Cracked open a smaller position here, got a little impatient I guess, and this was when my bids would have been in the setup from yesterday...still have the lower bids ready to fill if we get a little dip.
Although I caught some nice longs on the past two wicks down to the continually significant level of $3550, it seems to me like we are in store for another stab down to the $3450 area (0.705 Fib Retracement). Just haven't seen a stong enough reaction yet to push us back up to that $4k target I've been eyeing. Shorts are a bit dicey here at the midrange point, but...
Nice little run-up on BTC sent longs I had across the board well into profit, but I've sold most off already and opened a short on ETHUSD as well. This looks bearish to me, I'd rather see the big candle down for a bounce than this, which seems like a bull trap to me. Price right now is right at the same level it wicked to back in the red box before we dumped to...
Using the same Fib levels only reversed on this range, looking for possible targets if I can catch longs below, or just new entries for some shorts. $3910 seems like a good place for a first attempt, but will settle for a lower one scaling in from $3780- $3815 with a pretty tight stop if we never make it there.
Watching some Fib levels that have seemed very relevant as we have been pretty much stuck at the mid range between $3450-$3550 for the past few days, with a few deviations. Currently short from $3570, with stops in profit. Would love to see another wick down to $3450 or $3405 for a stronger bounce to get through to at least retest some of these higher levels...
After a nice 3% drop on a wick this morning followed by a quick bounce back, the savage nature of BTC Price Action is in full effect. Looking back to the lows of Decmeber, and the levels from the rally that followed for ideas of where this is headed. It would certainly fit with the Sadistic Price Action to run up towards $4k and above, only to smash down again...
Playing these levels this morning with some decent scalps, prepping to catch the bigger move ahead. Price reacting with good ol' $3550 beautifully, would like to catch another long there, or lower, but for now I'm playing the bounces on these wicks.
Watching how price reacts to levels in these two previous consolidation blocks, both of which ended with rapid upwards movement. Not ruling out a bearish retest of some of these higher price points followed by more downside and new lows, but things are looking pretty ready to pop with a bottomed out RSI after touching below $3550 yesterday. Small body candles...
Chop city, but we are seeing some nice retests on the lows and some more bearish looking ones on the highs from this previous 4 hr block. Would love to see things fly up to $4500ish, getting all of CT bullish just before a massive rejection and dive to $2800-2600. I love the carnage
Would love to see something like this play out on ETHUSD. I see a lot of folks calling for it to dump, and I would love to catch a long somewhere around $136, but will start scaling in at $144-141 in case it bounces sooner, if BTC goes up, we may not see much of a dip at all before ETHUSD goes up.
Stopped out of a scalp long this morning and looking to possibly catch another. Pretty clean PA, looking to get in at the green levels, but keeping tight stops in case the floor gives out.
