Posting this more as a history of what the price will do so I have the timestamp on it. Not worried about when it will happen...just caring about the price levels on this short seeing as ill be paid funding im not in a rush to get out. Ill be loading shorts on wicks and chilling till TP.
Really just leaving this here so I have a time stamp on when I though this would happen..but really just follow my line. I think we test higher short term to clear stops and then we fall down to the 4k range which will give us the juice for a quick double, consolidation, and then test of new highs. Peace
I would have entered the short at a higher position but was gone over the weekend. Here is my current trade setup though. Looking at the daily you can see the sentiment, rsi, my own custom script, and volume profile are all looking for a push down. Short the ponzi and get paid.
BTC is traded for its volatility. The past 8months we have been in a dramatic bear market, approaching 80% retrace from ATH. I believe we are now entering into a period of nice consolidation with a 3-5% spread. This yields a lot of opportunity for the swing trader to come out on top with minimal risk and minimal active management. By playing the weekly high and...