We are probably getting closer to the bottom, 1 or two weeks away, after some more fakeouts and chop in our current $1000 range. Shorting now doesn't make much sense, but if we get back to the top of our range with at rejection from $8600-8800, I will be shorting. Think we should get a nice capitulation wick down to this weekly support, and that's where I'm...
Analyzing charts and trading are two very different things. In hindsight, scaling in at this green box was the play I should've stuck with instead of stubbornly holding onto my $8200 long, which was planned to be a scalp anyway. I struggle with the discipline to cut my losers immediately, and this is just another example of it. We take many swings, never...
My green box got hit, but with a weak bounce, flipping short here, aiming for $7k
In hindsight, I picked the wrong 4hr breaker to catch this wick perfectly. I got my first bids filled at $8242 and thankfully closed them on the initial bounce for some small profits. I also put some heavier bids before the dump below $8200, so now my avg entry is right at $8200- not optimal but better than it would've been otherwise. This 4 hour close coming...
Depending on how things play out, I may enter a short before these bids get hit, but this is my plan for a higher timeframe swing trade. This 4 hr block confluent with the larger range 0.705-0.79 Fib retracement right around $8k. If we don't see a convincing bounce from here, this lower weekly breaker EQ right around $7k is where I will place my first bids, all...
Expecting lots of chop is BTC in the short term, and just trying to take advantage of the small bounces. Laying some bids in this green box, confluent with this 4 hr breaker, a spread of heavy liquidity from $8210-8250, and the small range 0.705-0.79 Fib levels.
Watching tonight's weekly close carefully, and barring any major moves up today, I'd imagine we keep ranging sideways for the time being. Holding the monthly open last night was a positive sign, but failure to breakout above this weekly demand at $8730 on any closes makes me think we'll probably see some lower retests around $8k. If $8800 gets hit again, likely...
After a pretty ugly daily candle yesterday, here we are, $8300 is the battle ground and it seems like bears have gained the upper hand somewhat. Looking for longs around 0.705 and 0.79 fib retracement levels. 0.79 confluent with the daily Demand we bounced from seems like a good spot to lay bids. Scaling in from $8050-$7900 if we get there. Conservative targets...
Seeing some nice support off the monthly open, and with a lot of heavy liquidity at $8800 cleared out yesterday, I think we could see a big jump from here.....and if we clear this $9400 area I think we are really going to see some shit
Looking for fresh longs at 0.705 Fib retracement that's confluent with this daily support block, I'm sure the corn will dick around a bit before it gets there though.
Zooming out to the monthly chart can certainly get rid of a lot of noise on the BTC chart. We've found support so far on this monthly supply block right before the final $6k breakdown last year, but unless we can close today above this $8500 line, it seems like a deeper dive or at least an extended sideways accumulation is in the cards from here on out.
After months of cosolidation, and many people talking about being eager to buy in this weekly demand block, we've filled the CME futures gap, and chewed out way through most of the demand with little to no reaction off these levels. By the looks of the close last night, I'm thinking we could see some further downside into the next weekly block below us,...
Just adding some fractals to fit my levels, seems like this is a likely way things could unfold from here for BTC
Although I caught some nice longs on the past two wicks down to the continually significant level of $3550, it seems to me like we are in store for another stab down to the $3450 area (0.705 Fib Retracement). Just haven't seen a stong enough reaction yet to push us back up to that $4k target I've been eyeing. Shorts are a bit dicey here at the midrange point, but...
Nice little run-up on BTC sent longs I had across the board well into profit, but I've sold most off already and opened a short on ETHUSD as well. This looks bearish to me, I'd rather see the big candle down for a bounce than this, which seems like a bull trap to me. Price right now is right at the same level it wicked to back in the red box before we dumped to...
Stellar zoning in on 2018 yearly low....been almost a year since it bottomed and climbed 136% over the course of 33 days.......will history repeat itself?
Using the same Fib levels only reversed on this range, looking for possible targets if I can catch longs below, or just new entries for some shorts. $3910 seems like a good place for a first attempt, but will settle for a lower one scaling in from $3780- $3815 with a pretty tight stop if we never make it there.
Watching some Fib levels that have seemed very relevant as we have been pretty much stuck at the mid range between $3450-$3550 for the past few days, with a few deviations. Currently short from $3570, with stops in profit. Would love to see another wick down to $3450 or $3405 for a stronger bounce to get through to at least retest some of these higher levels...