Watching BTC closely here, as aggressive sellers looking to sell at a "premium" were temporarily trapped, then re-gained control. A similar pattern in reverse occurred at support...let's see if sellers can flip the script and follow through aggressively if they are let out of the trap. Trade idea is invalidated if stop is traded through and only triggers if shorts aggressively push back through "initial premium entry" point.
Comment:
No aggressive sell through the entry, then market traded through stop: trade cancelled. A pullback into this same zone can now be bought at least once, as those trapped sellers will cover at b/e if given the opportunity prior to a break of primary resistance above 32,000. Will continue to watch for a 1000R bar open and bearish close below 31,700, but most likely, we now break through resistance above 32,000.
Order cancelled