BTC | Trade the Range
Updated
Current Bias;
Midrange held as support (so far), I believe a retest is likely.
Monitor for a reclaim of the monthly open
- if we reject at the monthly I will be scaling out of the position.
- if we successfully reclaim, liquidity @ 17.6k is my target.
Monitor for reclaim or rejection @ 17.6k
- reclaim = re-enter long; look to take out the equal highs @ 18.4k
- rejection = enter short; look for monthly open as initial target & monitor reaction via support or breakdown for further bias
Invalidation;
- clean breakdown/HTF close below 16.8k (turning mid range support into resistance).
Midrange held as support (so far), I believe a retest is likely.
Monitor for a reclaim of the monthly open
- if we reject at the monthly I will be scaling out of the position.
- if we successfully reclaim, liquidity @ 17.6k is my target.
Monitor for reclaim or rejection @ 17.6k
- reclaim = re-enter long; look to take out the equal highs @ 18.4k
- rejection = enter short; look for monthly open as initial target & monitor reaction via support or breakdown for further bias
Invalidation;
- clean breakdown/HTF close below 16.8k (turning mid range support into resistance).
Trade closed manually
Alts tanking, Silbert sellings his bags
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