BTC losing downward momentum, expecting a slow turn upwards
Updated
If price pokes through range high at 8010 (even for a sweep), and confirms LTF bullish MS, I'll add to my long after a retrace.
I expect something like the arrows in the chart, and would be taking trade 89.
Trade invalidated below swing low + a buffer
Cleaner screenshot without indicators:
I expect something like the arrows in the chart, and would be taking trade 89.
Trade invalidated below swing low + a buffer
Cleaner screenshot without indicators:
Note
The arc was clean af. Play the charts forward. I never got a sweep and retrace in order to add to my long position though. Instead, we got a break of the range high; retesting now.Note
BTC Longs opened, average entry 7842. Didn't get my 'standard' entry because these setups are frequently frontrun - we didn't even get to tap the range low. That's why I set breakout orders to guarantee I get a position. Still left some bids just in case.Time to crawl upwards!
Note
BTC Now that we've clearly established a new low, I'm pulling my bids, because hitting them requires passing the light blue tangent line, violating the convexity of the arc and thus the basis for the trade.Expecting continued convexity: increasing upward velocity.
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