gold is gunning to the prior high.
I will be shorting aggressively on 5 min when it fails to close above it.
I would usually wait for an hourly trigger but the whole market looking piss shit, dont want to miss this. If i get stopped out on 5 minute, will be trying to short again if hourly gives trigger
Crash lasted roughly 3 years. I'd imagine this one will be quicker given that we are in the future, and everything in the future is faster, harder, stronger.
It sure was easier to be a trader back then.
Inverse lvl trade
wouldn't usually trade a lvl like this as it doesn't mean my criteria for a tradable level but its also coincides with a really clean .78 fib AND has a very tight stop loss setup I can squeeze into it.
If your scalping on the 1 minute remember ur going to be playing within a larger 15m channel. Don't get whipped around, and do take the bigger setups on the top and bottom of the ranges. My favorite setup today is a long @ 2386 lvl after I see traders get trapped
I will not be entering this short blind. will be waiting to see an hourly rejection of 6k before jumping in,.
I'ts very important to see whats going to happen at 6k, that's the liquidity pool to shake off shorters and early bulls, a fib level, and a big round number. That's a good amount of confluence. Painful to short something I love so much...im sorry bitcoin...