Looking for way it might get up to a region where it's worth shorting again using older price action.
I am not interested in any trade that begins near the point of control. It could definitely just break lower from here directly out of the range.
However that is a trade I'd never take since it would mean having an entry in the middle of the giant value area BTC has been building since November.
So the task is to filter out any scenarios that have bad entry locations, even if those scenarios are fairly likely.
Copying and pasting older price action and using fib time and price extension finds one way price might get back well above the range where it can be shorted with a healthy risk/reward ratio.
Basically it could break out of an ABCDE wedge and run the XBD stop areas to fuel a move to the mid 4k area where it would make sense to accumulate a short.
I am not interested in any trade that begins near the point of control. It could definitely just break lower from here directly out of the range.
However that is a trade I'd never take since it would mean having an entry in the middle of the giant value area BTC has been building since November.
So the task is to filter out any scenarios that have bad entry locations, even if those scenarios are fairly likely.
Copying and pasting older price action and using fib time and price extension finds one way price might get back well above the range where it can be shorted with a healthy risk/reward ratio.
Basically it could break out of an ABCDE wedge and run the XBD stop areas to fuel a move to the mid 4k area where it would make sense to accumulate a short.
