BTC Short
Updated
Daily Market structure is Bearish, Weekly put in a LH.
Overall could be in a symmetrical triangle, time will tell.
4H:
Supply zone and strong EQ level should provide solid resistance.
Good R:R to next level.
Shorting through previous strong support, dropped risk as the ideal short was from the 61.8 on the previous move. Still think this is a play worth taking the risk on.
Overall could be in a symmetrical triangle, time will tell.
4H:
Supply zone and strong EQ level should provide solid resistance.
Good R:R to next level.
Shorting through previous strong support, dropped risk as the ideal short was from the 61.8 on the previous move. Still think this is a play worth taking the risk on.
Note
youtu.be/WQh-9yl_DugDetailed Explanation here
Trade active
SL moved to just above recent wick. If price gets higher now I'd be invalidated, better to cop a third of the loss I was prepared to originally then just take the full loss.
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