Here is a H&S pattern forming, if it does, it may rise to next local resistant level at 35/36.5k.
Second scenario is that BTC continue to squeeze around local trend line (yellow line) and then break above it to the same local resistant mentioned above.
Always use stop loss and proceed with caution and practice risk management.
Second scenario is that BTC continue to squeeze around local trend line (yellow line) and then break above it to the same local resistant mentioned above.
Always use stop loss and proceed with caution and practice risk management.
Trade active:
seems the 2nd scenario is playing out, open at 33140.
Comment:
I dont see volume coming in, we might get rejected so im moving my sl to entry
Comment:
price hit my sl at entry, and i have closed the position on no loss no profit, i will monitor the price action and if showing sign of strengths then i might open the again at same or lower prices.
Comment:
we had a test of last swing high and so far it looks its going to bounce, im waiting for more confirmation to open my position again.
Trade active:
I have open the position again at almost the same price, and my SL is at entry right now
Trade closed: stop reached:
My SL was hit at entry and I have closed the position with no loss and no gain. at this moment I'm not seeing any good opportunity for going long, as long as buyers show a clear sign of strengths.
We clearly see weakness in btc price action and based on my wyckoff ideas, there is good chance we dump from this point.
We clearly see weakness in btc price action and based on my wyckoff ideas, there is good chance we dump from this point.
