Hello friends, I'm still waiting for an opportunity to open my short position. We could witness rapid growth this weekend. Below are my assumptions on why could this happen:
1. Clear RSI divergence.
2. Fair value gap above.
3. Three drives pattern has formed.
4. The stock market is closed.
5. Low volume, hence, it's easy to manipulate the price.
Overall, my entry point would be 21 300-21 500, stop loss - 23 000, take profit - 12 500-14 000 (that's where the last unfilled monthly gap and a bullish order block are located).
Follow me for more future trade opportunities.
1. Clear RSI divergence.
2. Fair value gap above.
3. Three drives pattern has formed.
4. The stock market is closed.
5. Low volume, hence, it's easy to manipulate the price.
Overall, my entry point would be 21 300-21 500, stop loss - 23 000, take profit - 12 500-14 000 (that's where the last unfilled monthly gap and a bullish order block are located).
Follow me for more future trade opportunities.
Note
Still waitingOrder cancelled
\this poi is not valid anymoreTrade active
I was spooked by SPX and thought the price won't reach aforementioned target, but BTC didn't move at all, I think when SPX will make a correction to the upside, BTC will fill the imbalanced region. In summary, I'm still waiting and putting my order slightly lower at 21 000Trade active
Waiting for the price reaction to the FVGTrade active
The plan remains the same.
Disclaimer
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.
Disclaimer
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.