This has been a very screwy time in markets, lol.
I was stopped out of my first BTC short after at least some profits were taken.
I still think that we are going to face a correction before heading higher, granted that we haven't seen the top of this cycle.
If this accelerated trendline breaks and confirms, enter a short position. That is the safest entry for now at least.
I would target the big picture trendline, which will probably be close to the .50 fib on this particular break-out structure. So, close to 76K.
We may even get a scare-tactic wick down to 68K-70K. That coincides with this structure's .618 pocket.
Anyway, that's it for now for me.
Thank you!
I was stopped out of my first BTC short after at least some profits were taken.
I still think that we are going to face a correction before heading higher, granted that we haven't seen the top of this cycle.
If this accelerated trendline breaks and confirms, enter a short position. That is the safest entry for now at least.
I would target the big picture trendline, which will probably be close to the .50 fib on this particular break-out structure. So, close to 76K.
We may even get a scare-tactic wick down to 68K-70K. That coincides with this structure's .618 pocket.
Anyway, that's it for now for me.
Thank you!
Trade closed: target reached
This was nailed a while ago, but I forgot to update!
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.
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.