After recent price action and lower high print on smaller TF I am expecting another leg up which triggers stoplosses above trendline. It can easily move us in 16800 area. There is the first point where I am looking for short entry but if the volume is high and it will not be fakeout I would be look for another short entry in area 17.2 - 17.8. There I am looking for strong resistance and another good short entry. However the market is weak and any bad news can easily crash the market but withou any FUD we should go higher but it is not the end of bearish sentiment and bear market in general. Patience is the key I think the price will keep ranging from 15.5 to 17.8 for some time before any major move.
Entry point: 16.8?/17.2?/17.8?
Target: 15.5?
Entry point: 16.8?/17.2?/17.8?
Target: 15.5?
Kommentera:
as expected the price went up and we are in 16.8k area. Watch carefully here. It can easily go to 17.2-17.8. I am expecting one more leg up and probably I will be shorting there.
Kommentera:
stopped at resistance. Expecting move to 16750 and another leg up. I am planning to start openning shorts there
Kommentera:
As expected another leg up. Opened short here at 17 100 - 20% of capital. Waiting for another moves
As expected another leg up. Opened short here at 17 100 - 20% of capital. Waiting for another moves
Kommentera:
closing my short. Number of shorts on BFX decreased dramatically. Probably we go up. I am still bearish but waiting for better entry
Kommentera:
shorting here. Target around 15500
Kommentera:
Clsong short ghere. Already took nice profit. Waiting for pullback above 17k