Price approaching the S/R with strength. Wait for breakout and trade BOF or BPB
Two possible routes for Intraday shorts during 6th Jan 2021
If price near pivot, Long above 430 only, t1-435 t2- 4 short below 423, t1-415, t2-410 If gap up - short around 435.5 to 438.6 , t1-425, t2-415 If gap down - long around 410 to 406.5 , t1- 415, t2-423
If price opens around pivot, short below 298.5, t1- 293.45 , t2-287.5 Above pivot, long arouond 302, t1-312, t2-314.. If gap up, short around 315 levels, T1- 305, T2-294 If gap down, long around 287.5 , t1- 293.45, t2-299
Mostly downtrend....Do not go long.. Short below 520.5, tgt 1- 510, tgt 2 - 491... If price opens below 512, short @ 510 , tgt 491 No long until price reaches above 540, tgt till 580...or follow pivot points.... If price opens gap down and reaches around 490 levels, go long with tgt as pivot points till 520 max...
Shorting at the top of the trend line.
Bearish Symmetrical Triangle continuation to the downside pattern playing out!! Watch for the 6th of every month for a key pattern direction change. Lower highs and higher lows with a break to the downside. COUNTDOWN TO JUNE 6th! Target of 8000-8200 was my original target, but looking at this chart it might have a lot more room to go upwards of 9000 range. Once...
Keep in mind that btc is very unpredictable, just sharing ideas. The 6th idea was not mine!
BITMEX:XBTUSD Around the 6th of every month there is a local trend reversal. This has happened since 20k was seen.