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BTCilyKandinsky
May 10, 2020 6:39 AM

Continuation or naw? 

Bitcoin / United States DollarCoinbase

Description

Was that a liquidity pull for further upside or naw? Technically we are still in a channel. The move to the downside was about 20% which was the same as the fractal that I'm currently looking at from the rise from $3.2 to 13.8k. I'm neutral. I'll play some ranging scalps if we retest the highs.

Comment

Still on track.

Comment

Channel structure has been broken. Expecting a test of 7.2-6.9k.

Comment

Back in the channel. Resistance zone 9.4-9.8k. Break that I think we see 10.5k.

Comment

Target reached. I got stopped out on a position as I didn't expect it to retrace that deep, but I reentered and exited most of my position in the green zone and holding a runner.

Trade closed: target reached

Comments
VincePrince
Thanks for sharing, I see it similarly
msparrow67
You're about dead-on at the moment.
BTCilyKandinsky
@msparrow67, Was. Not so much anymore. It's broken the channel. I'm expecting a test of 7.2-6.9k.
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