So I'm showing a likely scenario, just upside down. we've made a new higher low on historic volatility and the last lows came along with a similar fractal, and each previous fractal had a substantial drop associated with it.
Im looking to short between 9700-9950 watching out for a huge wick up.
if you can catch a wick that's nice but a solid close above 10500 would invalidate this short.
my targets are around the .5 and .618 fibs. at the same time I close the short, if price goes according to plan, I would start cost averaging my long buys at a few areas that would be likely reversal points. 25%-30% on the short and who knows how high it will go after that. :)
to avoid being greedy and make sure I get a good long position ill close around the .5 and start loading my longs, even though it could fall lower, might as well take a good profit and look for the next trade!
hope it works out but you know how it goes :D
Im looking to short between 9700-9950 watching out for a huge wick up.
if you can catch a wick that's nice but a solid close above 10500 would invalidate this short.
my targets are around the .5 and .618 fibs. at the same time I close the short, if price goes according to plan, I would start cost averaging my long buys at a few areas that would be likely reversal points. 25%-30% on the short and who knows how high it will go after that. :)
to avoid being greedy and make sure I get a good long position ill close around the .5 and start loading my longs, even though it could fall lower, might as well take a good profit and look for the next trade!
hope it works out but you know how it goes :D
Trade active:
I wouldnt buy into the perma bull fomo yet. 1 hour left until day closes
Comment:
bearish ma cross or breakout of downtrend, happening soon, trade the outcome. im betting its another 5-10% drop.
Comment:
YEET!