I called previous low. Quick update.
While I do think that this could go higher, keep in mind this will probably retrace at some point.
For now, if you do close your long, there will almost certainly be another chance to buy back in at a lower price. There will probably be a few upwicks aswell. Use that chance to close.
4 hour indicator says we are at the top of the range. So if we do go up, it will be after at least a day of consolidation. Use this chance to scalp and get a long at a lower price if you still are . Do not forget to fill a partial short as a hedge. I would recommend using another account and shorting perpetual but you can also short if you wish.
We can see the 10x liquidations here.
Thanks for viewing! I do not know the target but I will post a new idea when there is evidence of distribution. I am almost to 100k views. That is a important milestone for me. Thank you.
Keep in mind this also occurred at 3.8k before 4k, so I don't know if we have another rally higher or not.
I might post a new chart.
Just for fun.
This is exactly what I would do. 2 out of 3 played out. Now we just need the dump.
Just fun stuff I made while scalping consolidation range.
it looks like sub 3500 likely.
For now looks like consolidation but probably a short term move down.