mljones

Starting to accumulate long

Long
mljones Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
It dumped but not quite to the fib region I'm looking for. I expect it to go sideways once more for maybe 3 days to a week so I have no interest in grabbing on to it right now.

The fib levels I'm looking for are on the chart in the Key Area. Target is the red right shoulder zone.

Looking only to buy at the bottom of the range and get the best price possible. This a choppy area near the point of control so it's not worth chasing after, the goal is to be patient for the absolute best and lowest price of the range.
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Considering a scalp short with 4 rrr tonight
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Probably significant that dump happened right at 5 PM indicating it was an algo sell off. The fact that algos are running the show right now means technical fib levels and volume profile points will be traded against very precisely.
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Have small pilot short at 3776 on kraken. Intending to add according to plan on previous binance chart. Kraken prices are lower than binance.
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Have lim order to add to short at 3862 on kraken prices
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Not getting fill on scale in so maybe it's close to a level the market respects
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Looking like about to print bearish momo divergence on 5 min chart, vol is drying up as price rises, and also printed a 5th wave within a 5th wave. Will look at getting in at market if scale lim order doesn't fill.

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Have scaled in a few times and have average at $3,856.87

The simpler trading darvas box indicator actually provided a great entry but I didn't have it on the chart at the time.

Looking like btc going to roll over at some point. Would like to see a break down before midnight.

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Scratching scalp short at break even. Sticking to plan to buy long at low of range.
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