XBT 1M PA
Price Action Analysis
On the monthly chart, Sept candle closes as a bullish engulfing candle. Oct candle shows that the bullish engulfing pattern was weak.
Current range we are in we have been in before. I definitely want to believe that what we are seeing now is just accumulation in a previous area with lots of price history.
Current ranges i have mapped out are between the red and yellow. The yellow range is the shorter term range.
Intra-week i would like to look for shorts to the downside of the range or looking for a breakout of the yellow range in either direction whichever is confirmed first.
Currently short from 0.02147 ive been holding for about 3-4 weeks now and its been the longest trade ive ever held i dont like it cause margin fees have been piling up and the price hasnt been moving much
Im playing a longer term move for the first time to try and catch a high percentage trade over a few weeks but margin fees are costing me and my profit isnt moving as fast as i want it too still waiting for a change on a weekly time scale that signals to me that i should take profit.
On the monthly chart, Sept candle closes as a bullish engulfing candle. Oct candle shows that the bullish engulfing pattern was weak.
Current range we are in we have been in before. I definitely want to believe that what we are seeing now is just accumulation in a previous area with lots of price history.
Current ranges i have mapped out are between the red and yellow. The yellow range is the shorter term range.
Intra-week i would like to look for shorts to the downside of the range or looking for a breakout of the yellow range in either direction whichever is confirmed first.
Currently short from 0.02147 ive been holding for about 3-4 weeks now and its been the longest trade ive ever held i dont like it cause margin fees have been piling up and the price hasnt been moving much
Im playing a longer term move for the first time to try and catch a high percentage trade over a few weeks but margin fees are costing me and my profit isnt moving as fast as i want it too still waiting for a change on a weekly time scale that signals to me that i should take profit.
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