- đš I am NOT shorting Bitcoin.
- đĄ This is for information purposes only.
- đ I will look to accumulate Bitcoin when it finds a bottom!
Head and Shoulders Reversal occurred at the Up Thrust After Distribution...
Kommentera:
The Cheat Code at Supply Zone:
Uptrend = HH + HL
Downtrend = LH + LL
Uptrend = HH + HL
Downtrend = LH + LL
Kommentera:
Wyckoff Distribution Fractal on 15 Min TF
đš Threat is to the downside...
...but last minute day trade flip
đĄ Risk to reward 1:2
đš Threat is to the downside...
...but last minute day trade flip
đĄ Risk to reward 1:2
Kommentera:
Short term trade posted above... expires in 2 hours. If your Stop Loss doesn't get hit... I'd take profits to be safe. Heavy resistance ahead.
Kommentera:
Stop Loss on quick, day trade flip, Long Position moved to break even at $7,320-ish
Kommentera:
Oh well, got stopped out at break even on my Long position. Looks like supply still overwhelms demand at the $7,400-ish price, Appears less likely there will be a last-minute Up Thrust Above Distribution (UTAD Test???)
Kommentera:
Volume spike failed to break above overhead resistance.... this is where you would short...
Kommentera:
My thought process is that... if the volume spike was unable to produce a Higher High... then supply is overwhelming demand no matter how many buyers and sellers are active. It's a Sign of Weakness.
(â ïž But please use a Stop Loss in case a whale goes nuts and price pumps.)
(â ïž But please use a Stop Loss in case a whale goes nuts and price pumps.)
Kommentera:
Just posted a new chart:
This appears to be a complex bearish correction at the top of a very nice rally up.
Everything in life expands and contracts
This appears to be a complex bearish correction at the top of a very nice rally up.
Everything in life expands and contracts
Kommentera:
đš Reminder:
Don't try to catch a "falling knife"!!!
Don't try to catch a "falling knife"!!!
đĄ Possible testing of Supply Zone at $7,400-ish?
Are sellers exhausted? đ«
Or is there more supply to unload? đ€
Price making either making...
Higher Highs âïžâïžâïž = Bullish đ
Lower Highs đđđ = Bearish đ»
This will give us clues at what the whales are plotting... đł
đ A break above $8,150 and I will have to flip bullish! đ