Looking at price to get one last short term push up to about $50,950 (ideally - doesn't have to. Can drop right after $50,000), before moving down one more time.
From here, we can see a COMPLETE corrective structure on the higher timeframes where we can look to be buyers.
I'll be looking at buys from $40K - $30K. I'll dial in a tighter zone closer to when price moves there.
If price decides to break up instead, I'll be looking for shorts from $54Kish. I still believe one more down is required given the current development. As things change, I'll update
From here, we can see a COMPLETE corrective structure on the higher timeframes where we can look to be buyers.
I'll be looking at buys from $40K - $30K. I'll dial in a tighter zone closer to when price moves there.
If price decides to break up instead, I'll be looking for shorts from $54Kish. I still believe one more down is required given the current development. As things change, I'll update
Comment:
These are the key levels I'll look to shed off some of my positions. Right now, I've already moved my stop above the 51200 swing high to reduce risk in case this continues up, but it's looking good so far!
These are the key levels I'll look to shed off some of my positions. Right now, I've already moved my stop above the 51200 swing high to reduce risk in case this continues up, but it's looking good so far!
Comment:
Out at Breakeven on this trade! Going to wait for a clear entry setup. Was looking to pick up some momentum so closed early with a bit of profit.
Out at Breakeven on this trade! Going to wait for a clear entry setup. Was looking to pick up some momentum so closed early with a bit of profit.
Comment:
I entered again from higher after the sweep
I entered again from higher after the sweep
Comment:
This will be the full confirmation for continued downside in my opinion - once we see a break of that level (if we do), then I'll look to scale into more shorts. Huge RRR potential on this, so we want to be in
This will be the full confirmation for continued downside in my opinion - once we see a break of that level (if we do), then I'll look to scale into more shorts. Huge RRR potential on this, so we want to be in
Comment:
BOOM! Stops to B.E. Let's see if we can get another entry in here and hopefully ride this beauty down to $40K
BOOM! Stops to B.E. Let's see if we can get another entry in here and hopefully ride this beauty down to $40K
Comment:
Stopped out at B/E on the second trade. Going to be waiting for development. Structure is still the same, just short-term needs more development
Comment:
totally forgot to update this - after we broke higher, I was anticipating the highest high to break. I still believe we'll see 40K
I entered a tight stop short from the refined level, but there was another entry at the black arrow. I can see price popping up once more on the 5m, but it doesn't have to.