Hourly RSI & Historic Resistance - Great HFT Short Opportunity
Probably should have posted this when I was taking a position back at 10,400 but wanted more confirmation... Wouldn't be surprised to see it break to 7K, BTC triangles seem to break downwards more often then not but my disclaimer is I have no idea what I'm doing & this isn't financial advice lol.
Target @ 9923, maybe as low as 9868 given momentum slippage.
Target @ 9923, maybe as low as 9868 given momentum slippage.
Note
NOTE: Obviously the danger here is that this current pullback in price action is just a 2nd elliot wave before a massive 3rd wave pump so be careful.Trade closed manually
Closed w/ profit at the purple line of support there on the right, was hoping it would break through for $$$, now waiting for a bounce up for another re-entry. 10,470 is ideal.Note
Looking for another HFT short opportunity at 10,470 -513 with tight stops. Sustaining 10,500-25 & I'd GTFO of any Short positions. However, I wouldn't long at this point because 10400-443 might be the best we'll get but what the hell do I know lol. Again, these are just my thoughts for my QUICK in & out day trades. Longer term: Blowing past 10,700+ would be absolutely great for finding an entry point. Bigger the pump, bigger the dump. Always look for confirmation & remember risk management.
Note
looks like 10-440ish was the best short position we'd get in the immediate time range. See previous edit from 8 hrs ago...;)
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