This is a scenario I have been watching since a couple of weeks, since the price action looks similar to the one in May.
Would love to see a candle that would invalidate this on next weeks close, with just minor corrections but you know market loves when people cry and lose money so I will just post this as an idea.
This scenario might be triggered by some news, FUD, China, El Salvador, Musk, who cares.. watch the levels and protect you portfolio. A diversion in the momentum indicators might give you an idea as well.
I'm not looking to short tbh, I will be just looking for locking in some profits if I see weakness to be filling bags lower again.
Keep safe..
Peace
Would love to see a candle that would invalidate this on next weeks close, with just minor corrections but you know market loves when people cry and lose money so I will just post this as an idea.
This scenario might be triggered by some news, FUD, China, El Salvador, Musk, who cares.. watch the levels and protect you portfolio. A diversion in the momentum indicators might give you an idea as well.
I'm not looking to short tbh, I will be just looking for locking in some profits if I see weakness to be filling bags lower again.
Keep safe..
Peace
Comment:
close above 51800 and invalidate the scenario
Trade closed manually:
yep its invalidated :) uptober is continuing, cheers
