In last weeks Sunday report we spoke about the small long order at the liquidity pool in the region of $25.200 that perfectly got hit and in very good profit for those that took the trade. Just one day later I updated the next short term target at $26.800 that was also hit perfectly in a matter of few hours, so whats next after predicting all right again:
🚩 TA/ LCA/ Psychological Analysis: Currently Iam watching the region of $25.600 for another potencial long trade. I will try to snipe with a scalp long if market allows to dump towards $25.600, realistic to happen during, before or after FOMC volatility, right?
For that Iam placing several long orders in that region. Remember that placing a long position and go long for the very short time frame doesnt mean that Iam turning bullish in the mid - big time frame. You should learn to trade levels, and use these levels as opportunity for profitable trades. Iam not closing my shorts from $31.000 region just because I decide to take a long opportunity that will be closed in a very short time frame, while $31.000 is a mid term trade. Please educate yourself about the difference between Scalp and Swing trades, its something that causes a lot of confusion in the comment section all the time.
The liquidity pool that was mentioned in the last two weeks is getting bigger and bigger. Big enough to become a legit target for market makers. For that, keep in mind that $28.600 is the next possible target for market makers, once we breakout above EMA200 daily that is currently at $26.990. The amount of profits market makers gonna do when hitting $28.600 is the same amount of profit they do when they dump it to 23.5k region. I will add more into shorts if market allows to visit $28.600 regions.
Market is still very bearsih, dont get distracted by those liquidity grabs. If market allows to visit $28.600 Iam going to add more shorts into my 30 - 31k short entry position Still in big short from 31-30k !
Market overall looks even more bearish than it was in the past few weeks. My target which was always $23.500 and up, is now changed. Iam watching for 23 - 20k region for potencial local bottom before 2024 bull market starts. Indeed, one last big dump, connected with fear is needed before next bull market starts.
There will be a seperate Tweet regarding the #FOMC projection and market expectations + own analysis soon.
Summray, we watch two key levels and one main level:
Long scalp at $25.600 region if market allows to visit
Adding more shorts at: $28.600 region if market allows to visit.
Main bearish target of 23 - 20k has not changed, and is even more bearish now.
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.