This is proper flip of support to resistance. Forgive me for not being very bullish right now. None of the indicators is offering any confluence to favor a bounce.
Trade active
Stoch oversold on the 4hr. A few wicks maybe and then downside continuation.I hope it is down first ( I have bids sitting there) then up. I don't see it going above mid-range at 7125 and then back down.
Trade active
Caught some knives here for the time being. Breaking that yellow line would be pretty ugly. I'm hoping to re-short around 68xx.Trade active
Yet another support flipped to resistance. This time a monthly support. I don't think we bounce. The yellow line in the 4 hour chat I shared earlier is what is providing temporary respite. More downside to come.Trade closed: target reached
I closed this trade at 6560. Potential bullish divergence on the daily so I am neutral right now and in BTC. It has been good so far.
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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.