Spicyy

Spicyy Updated 

Simple break in Market Structure on the low timeframe. There is price inefficiency to fill on the way down. Even though the run up has filled the inefficiency on the left hand side, there is still a small ammount of orders which rest between 10k-> 10.3k . This idea is based on the assumption that we have a pullback before continuing the next move north.

Spicyy Updated 

Looks like BTC has established a range for today. Volatility has been dried up over that "mini parabola" run upwards. I'm waiting for confirmation to either compound my current long or to hedge against it. Of course I will post again if I decide to take a trade :)

Spicyy Updated 

In my earlier post I said that due to the rangebound nature of BTC right now I have to be prepared to hedge my short position. I have just got my confirmation for a long entry.

Spicyy Updated 

Disgustingly low volatility since the month opened. Eventually it broke out of the consolidation to the downside, this trade is based on the idea that we are going to get trend continuation.

Spicyy Updated 

BTC had quite a strong sell off taking out the lows of the last 2 weeks. The way price is stalling right now is evident that profit-taking is occurring. Since the start of July, the $9650 level has been pretty solid. Every time price deviated below that level it has resulted in a strong buying reaction... However we are here again for the 4th or 5th time which...

Spicyy Updated 

Looks like the high of the day is in. Price ticked up at the start of the day and since the first payment of funding went through the structure has shifted bearish on the low timeframe. We got a M15 close below the daily open as confluence aswell. I am in two other positions at the same time and you guys can take a look at my other positions on my profile. :)

Spicyy

There was a very violent sell off in BTC yesterday and I got short looking to play a continuation setup. Today there wasn't any follow-through in the selling and price has been rangebound. Depending on the direction price moves from here I will be ready to either compound my short position or hedge it with a scalp long. Once I get my confirmation I will post on...

Spicyy Updated 

HTF structure looks bearish and price has been flirting around monthly open for some time now. The swing short is based on the idea that the level will no longer hold as support. The hedge long is based on the idea that the level will actually provide a bounce once more and price will tag the current high of the day.

Spicyy Updated 

I currently have a short running in the background, I was waiting for confirmation today to either compound the position or get long. I got confirmation to get long with bullish market structure on the LTF. This idea is also based on the idea that the Monthly Open level may hold as support.