It looks like we are moving in this small descending triangle. There are two scenarios. Or we breakout, restest and go to 7k or we break down and restest support at 6650.
In bigger timeframes we should test this 7k but the question where is better position to take it :)
In bigger timeframes we should test this 7k but the question where is better position to take it :)
Trade active
well here are 3 possible scenarios and I guess green is the least likely. We can breakdown a triangle just to collect more shorts and test upward orange channel. Trade active
Well my scenario happened much faster. But what most important my short has opened on trigger and I closed it on orange line. Now we should watch or we retrace to red previous support and fall again or climb up. Trade active
Trade active
Well I don't believe in this fake dump. Fortunately it didn't hit my short trigger (3$ left). Buyers bought the dip and I still expect bounce up to trendlines and emas Trade active
Falling wedge has formedTrade active
Finish for today. I did some proft mostly thanks to "stop market" shorts which opened during breakouts. I could trade more but I most rest and have fresh look tomorrow. Thank you for following me :)
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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.