Looks corrective.
Was hoping we could get enough separation to suggest a macro impulse wave, instead this looks really corrective. We already had what looked like a liquidity dip, and am remaining long for now. The market tries to give everyone what they want, even if it's just for a minute.
If we get an 8 hour candle to close below the white line, around 60k, I'm going to take a bunch of profits and have about a 5.5% stop loss before jumping back in. Getting tired of paying taker fees and getting swept with stop-limit orders. So going with this 8 hour candle bit.
Probably will let it roll until it gets lower in range or we start getting reversal signals.
If we get an 8 hour candle to close below the white line, around 60k, I'm going to take a bunch of profits and have about a 5.5% stop loss before jumping back in. Getting tired of paying taker fees and getting swept with stop-limit orders. So going with this 8 hour candle bit.
Probably will let it roll until it gets lower in range or we start getting reversal signals.
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