Today I'm looking at a short term short from 13770 down to 13560, from there I will enter a long term buy. (see analysis for the TP's AND SL's)
Nas might not come down if that happens we will wait for the break to the upside and then enter once it retests.
We had move to the upside broke through resistance and then came back down for the retest. We also broke through the trendline, I'm buying from here till around 13650 where I'll take partials and have a trade or two risk free seeing where NAS will go.
As we can see we did not get the push to the upside before the drop, I will be waiting for the break of the trendline and enter on that retest, if this happens we could see the biggest drop on nas for the year. This is a trendline that has been holding from last year (LONG TERM TRENDLINE). If it breaks NAS will melt.
We have already broke the trendline, but I think we might come back and hit that resistance one more time before coming down. This one might not play out but lets sit and wait, if we miss this opportunity don't worry always another day to catch some profits.
I have been waiting for the support to be broken. As you can see the 1H TRENDLINE will hopefully be in play when we retrace to the support that will now be resistance, I will be selling from there. (Look at my analysis for SL's and TP'S)
We can see NAS push back up to retest the trendline that was broken, aswell hitting the resistance of 13750. I will be entering a short from there till around 12150, I will update when I take partials. NAS is in for a big correction the next couple of weeks. If we stay bullish we will see new ATH soon, but for now the signs are there for the short.
We have been waiting for BTC to come back and make previous resistance, support . Elon helped a bit but we are currently retesting the resistance broken to make new support. It is also the perfect buy on the 61.8% Fib. NEXT STOP BTC 100K