OP has gone according to the plan so far BECAUSE BTC has given us the signals we expected.
So far all is good for shorts. Personally entered 3 different positions (avg position entry sitting at 1.35$. Taken some off for now and stops at be (breakeven).
Expect a push up towards the yellow box.
As long as BTC continues to fail to create new highs the crypto market will keep on going lower. Bear in mind BTC still has some liquidity sitting around the 32K-33K (cf BTC ranges overview).
Overall plan remains the same for now.
TP 1.1550$
TP 0.8865$ (for a swing trade if we break and hold below 1.15$
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.
So far all is good for shorts. Personally entered 3 different positions (avg position entry sitting at 1.35$. Taken some off for now and stops at be (breakeven).
Expect a push up towards the yellow box.
As long as BTC continues to fail to create new highs the crypto market will keep on going lower. Bear in mind BTC still has some liquidity sitting around the 32K-33K (cf BTC ranges overview).
Overall plan remains the same for now.
TP 1.1550$
TP 0.8865$ (for a swing trade if we break and hold below 1.15$
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.
