I opened a small long at ~3.9k and just liquidated that. I am looking for a breakout from that pennant and am expecting it to be to the downside. I may initiate a short, although I do admit that I don't feel great about it. The larger time-frames are looking a bit stretched for longs, so I'm expecting btc to be a bit more robust to the downside, but I'm not short...
My friend turned me onto this chart before this last candle printed and I have to say it's beautiful. I would buy calls on it if I had an options acct, but I don't. However, should be good for 220+, I think
Should have a good start to the week as you can see
MACD and RSI seem to have bottomed. We may be in the middle of an EW, and therefore at point 3, the lowest point of an EW The price action looks great
Coming off support in a descending triangle on the weekly chart
Stop-loss around 2674, tp around 2650 or lower. shorted at 2669.75. so imo, R:R>5