This is proper flip of support to resistance. Forgive me for not being very bullish right now. None of the indicators is offering any confluence to favor a bounce.
Trade active:
Stoch oversold on the 4hr. A few wicks maybe and then downside continuation.
I hope it is down first ( I have bids sitting there) then up. I don't see it going above mid-range at 7125 and then back down.
I hope it is down first ( I have bids sitting there) then up. I don't see it going above mid-range at 7125 and then back down.
Trade active:
Caught some knives here for the time being. Breaking that yellow line would be pretty ugly. I'm hoping to re-short around 68xx.
Trade active:
Yet another support flipped to resistance. This time a monthly support. I don't think we bounce. The yellow line in the 4 hour chat I shared earlier is what is providing temporary respite. More downside to come.
Trade closed: target reached:
I closed this trade at 6560. Potential bullish divergence on the daily so I am neutral right now and in BTC. It has been good so far.