Keeping it simple. Green box for entry, Red box for resistance needed to break to go higher. A bounce here from the green line acting as mid support, but expecting one more deeper pullback to retest 188-189 (strong 4h block order here with strong reaction historically). Timeframe is not to scale, just drew arrows to show possible pathway.
Note: just for fun, not financial advice.
Note: just for fun, not financial advice.
Comment:
I set a few bids lower as well around 184 to catch a wick. Guessing BTC does some sort of move down in next 24hrs. Only small risk (less than 2%) due to volatility atm. Will add to position once we get above the red zone and find support there.
Comment:
Bids filled. Average buy at 185. Reduced position at 195 to push entry lower to 180. Will place stop at 179, being start of week and all I dont want to risk too much atm. As mentioned before, will add on strength as/ if we flip res.
Expecting a bit of down on charts today to put in a daily low, which would give us a strong week ahead.
Expecting a bit of down on charts today to put in a daily low, which would give us a strong week ahead.
Comment:
Swept lows a bit deeper than planned. Re-entered. Target still ATH. If you prefer a safer entry wait for a break a support to form on red zone.