But, to recap: On the 30 minute, we're just under the Kumo. T/K looks like they're about to go back negative.
still hanging out in bear territory. looks like it will cross over signal and go positive but without co-witnessing from , this doesn't mean much.
We got a nice BB squeeze and %B is fighting to get above 0.5 but this could easily get rejected by the Kumo at 650. My MA's are also sitting at the 650-654 area.
Based on what I'm seeing, I would predict more downward movement. I'm not searching for Short positions but opportunities to flush-out hands from the low-600's and reload in the high-500's.
Overall this depends on how sentiment translates to the tape. Kind of like playing on stocks, you never really know what is going to happen. I'm gambling at this point.
My exposure to this event is at about 20% of my original position (5% of my equity). I've been slowly scaling out until I reached a size that I feel is a lot more managable. I would have liked to be holding 10% of my original position but 20% is managable.
Let's see what happens...
My expectations of hitting the high 500's did not happen.
I did not sell into the pre-halvening shill pump because the tape was showing rampant manipulation. And i wont lie, i was hoping they would pump to 690 so that i could release my line between 680-690 at 12% profit.
This didnt happen.
The retracement afterward fell to 620. I held my finger above my market sell button, preparing to breakeven at my low-600's base.
This also didnt happen.
All in all, this halvening did nothing for me besides some small spot buys at 620, which i then sold at 650.