The bullish fractal I have been following is playing out very nicely on the daily; this is a big long for me to the top. Average entry 10,830; target 13,400ish. Stop loss 10,600.
Comment
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Stop, hit; however re-entered with stop below MA
Order cancelled
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I think we go lower to sub 10K potentially and test support of triangle.
if you look at daily momentum its erased everything all the way back pre-3k. Im unsure what that means yet, but the momentum that carried it to 13k in first place no longer exists
Nirv06
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Not now, it shall go further down to 10450. Still no buying interest, volume drop significantly.
Butcher_of_Bitmex
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@Nirv06, I am basing it off of a bounce off the MA, and the fractal I have been following which generally plays out this way.