First trade has been completed - now looking at hedge long.
Would love this short - fake out the trend line - into HTF Volume resistance then head back down.
Nice confluence for a short at the top of this channel with the overall impulse down point of control, some built up liquidity from the local range as well as the .618 fib retrace level. Be cautious as this is a low cap alt.
Looking for a deviation out of this channel to take some liquidity then head back down. Got a nice high volume area with the point of control of the impulse lining up with this deviation Fibonacci level.
For the short i will be looking for a deviation of the range. For the Long im looking for the lows to be taken and entering on that value area low of the impulse.
For the short - I am looking for a deviation of this current range. I have a deviation Fibonacci level in line with impulse volume data. I will use order flow looking for aggression into this level to trigger my short. I always take first profit after 1% and move stop loss to entry to secure the win. For the long set up - i will be looking for liquidity to be...
Locally what i am looking at for trades on Bitcoin. If bears want to keep bitcoin heading lower they will want to protect this sellers only box and not start claiming the high time frame value area high of the overall impulse of this move up. Therefore i will be looking for a short around 27k where i have predicted this range using volume analysis. I will be...