BTC has traded into local range highs. On higher timeframes BTC is sitting around 12 and 21 weekly ma's. On lower timeframes it has already broken below these. Expecting price to deviate/reject on daily timeframe above local range high here and then revisit the range lows.
Looking for entry at an underside retest of 27460 and will look for first a T.p at 26600 and second t.p at 25900...
alternatively of price retests this range high and stays/reclaims above, then i will look for long positions towards 29k
Looking for entry at an underside retest of 27460 and will look for first a T.p at 26600 and second t.p at 25900...
alternatively of price retests this range high and stays/reclaims above, then i will look for long positions towards 29k
Comment:
The deviation has come through finally! Be nice to get a retest 27460 now. Took a small short from deviation above 28300 resistance.
Trade active:
Pretty stoked with how this has turned out so far, havent had a clean retest of the underside of the 27460, however i was happy to take a small short position at 27300 - almost immediately took my first t.p. but not quite, stops have been moved to profit and hopefully we can ride this down further.
Comment:
this is rolling through nicely, took profit at the 26,6k support. still waiting for a retest of the 27460 resistance, then will be able to load up a decent position and hopefully start testing the 25,2k support.
Trade active:
finally! Short entered at 27450. lets see how this turns out.
Comment:
well done to whoever agreed on this idea, well in truly in profits by now. took some off at 26600, still looking for 25250 where ill take some more, and also look for new entries on an underside retest of that s/r level
Trade closed: target reached:
al positions on this idea are now closed. very happy, patience is extremely rewarding.