34-32 again
Updated
As mentioned in my last idea I am awaiting the start of a range, scalping both side. And I am still expecting price going back for 32-34, as I said many times. And what I am currently looking the price to do next. If there's selling calming down around 36.2-36 I could expect and would like a retracement back to 39k-40k.
Which if it really had started the accumulation range, it is going to go for a ST ( secondary test ) of the floor, in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. { more than one test could happen }
As it being the daily, it is full of supply since the 16th. With a retest of 40.8 on weak demand that was a great place to sell. And then price making another LL on heavy maintained supply.
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Which if it really had started the accumulation range, it is going to go for a ST ( secondary test ) of the floor, in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. { more than one test could happen }
As it being the daily, it is full of supply since the 16th. With a retest of 40.8 on weak demand that was a great place to sell. And then price making another LL on heavy maintained supply.
Weekly
Monthly
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* ignore the clickable ' Sc ' *Note
Would look to hold it till 37-37.3 & revaluate the demand available there. Till it does not break under it could still expect a retest of 40k
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Wanted to scalp a sell to 38 but I just kept it to 37.5 & now I am out. The demand from this morning made me think it could go for 40.8 if it would have retest 38 on light selling, which it did not. Now I got out of this scalp. Might look for a buy scalp to 38.4 but not now, wanting supply calming further down on 37.5-36.8.Waiting to see what the market is wanting next. wanna see how it will jump on 36.8... yesterday close tell me there's still selling interest fighting back... but choppy choppy on 36.8 then 40 would not surprise me, if less supply would come in the less days. Updates will be made.
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smelling like a break of 36.8 more and more. Let's see how 37.4 retest and then 36.8Trade closed: target reached
first target zone reachedStill holding my sell from 44-46. The ones i took around 38-39 i did scale out, and closed most of them , since i could expect a retracement to 36-37 before it would go back for 32. Now i am looking to see some sort of a minor selling climax at 34, for confirmation that in fact it wants to retrace and selling did calm down.
If it would break under 34 on maintained supply, I would just sell again to the 32ish area.
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