Latter Stages of this macro bearish move playing out - 1+ year in the making. Dipping pretty much on schedule give or take 24 hours - minor structure adjustment to this local forecasted structure.
- Prep for the immediate break of $30k - Market Maker about to turn the screw and fear will really kick in.
- Prep for initial Long after break of $20k
Hodl? BTC, LUNA, LTC, and a few others should recover in the next month. Target for others was 50% to 70% price drop. SPX 500 has another 6.5% to go.
Best, Hard Forky
Local Structure expectation
Market Structure - latter stages
- Prep for the immediate break of $30k - Market Maker about to turn the screw and fear will really kick in.
- Prep for initial Long after break of $20k
Hodl? BTC, LUNA, LTC, and a few others should recover in the next month. Target for others was 50% to 70% price drop. SPX 500 has another 6.5% to go.
Best, Hard Forky
Local Structure expectation
Market Structure - latter stages
Note
nice - recapture of the daily level by the bulls supported by wider equity market rally/oil price reversal leading to stop hunt of late shorts.short scenario still viable but reduced likelihood.
Note
Trade closed: stop reached
All the conditions were right but the long held and market looks like it has potential to reverse. Profitable but not the big payday.Note
BTC hits short zoneNote
shorted - risk / reward is good imao
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Disclaimer
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.