I just took a short after seeing that BTC could have completed a higher time distribution model, right into supply i am watching since january(Idea below this post). I was sleeping at the time the BOS came so my entry is bad, but it should still work out. A better area to enter could be from supply at 107.200$ with a BOS. At this point it would just make way more sense to take out the ATH, but if they give me a setup then i will take it.
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I am still considering to exit if BTC flips bullish again to reenter and wait for a better entry. It is also not the cleanest model 1 so my risk on this trade is low.Order cancelled
The model got invalidated, there was sadly no valid setup for an reentry in the supply.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.