Just a quick brief update on BTC and what happened.
We had a further decline of 7100 from where we headed to find higher low around 6800 where is also 1.27 aligned. We touched short-term up-trend and pulled back up.
From 4H perspective we are still in EMA/MA channel so we don't have confirmation for further bullish momentum. Even tho before daily candle looks kinda bullish and we are having crossover on 1H. This still doesn't confirms we are headed to 7,4-7,7k.
We may get back to the short term up-trend re-test and get back up, or flash crash just from here to re-test 6669-6650. Right now, market is again becoming overlonger as BTCUSDSHORTS are getting rough days.
I think market should stabilize at some point between those 6669-6650 levels.
Again wedge/triangle?
Both scenarios counts with 7,4-7,7 as a top. So if we flash crash or pump from this place we know what to do.
start DCA short from 7550-7750.
Long 6000 with S/L at 5700.
Hard long around 5,2k.
(Long term trades)
For our current daily opportunity we had short with around 6900+- which i halfed and re-opened back at 7100. And take profit just today at 6800.
Next intra-day opportunity will be announced soon. For now staying flat.
Check out the failed accumulation patterns on lower tf. Too much bull to sustain much lower price action. All it needs is a wick into the demand zone of 6-6100 and boomba!!!