BTC Scalp Short - 7250-7325 target High R/R & Probability
No time for written analysis. Could break up too. Not sure if I expect the rebound to surpass 7600. Simply a decent short play here if you got or can get some bids filled up high with a tight stop above 7575-7600.
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Hit the top of my target to a T... .more downside likely.
I did not adjust this graph at all.
I did not adjust this graph at all.
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That took a whole 30 mins from when i posted to reach my target lol. Still think some downside is likely but picked up a small amount at 7320. Crossing my fingers that I can just hold this long I'm building for awhile and that we did in fact find the bottom at 7040. In hindsight, we've still had a lower low on the down trend and this drop confirms a lower high so be careful longing, we are in a down trend, but as for my longer term portfolio I'm adding some longs here on down. Which I will cut under 6.9k if we get there.
Trade closed: target reached:
This looks very good and almost to the T what I predicted. Added some more to my longs with bids down into the 7230 range as well. Will cut below 6.9k and move stop into profit as we move up here.
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Just FYI - I closed my longs for now. Waiting for a better setup. The last 4hr close, the 6hr close, and this 4hr that's about to close all point down. If anything I'd short here.
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*Not short here, short at the next resistance if we get a weak little pump
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I see this going back down to 7050 range to set a higher low and begin to fill out a triangle.
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If you made money off this leave a comment lol
Trade closed: target reached:
Nuff said. Still looking for a swing low again. Here's my perspective right now. Bearish wedge leading to the 7050-7100 I was talking about for a bounce.
Trade active
Here is what I am expecting from a zoomed out view.