Long

Long Btc

Updated

Their is an excellent chance we push up from here, although I dont think it will happen until day candle closes. The most probable path I see is day closing at $10120-$10150 followed by upward movement to at least $10400

Note

Our first support which has been holding up very well is between $10150 and $10200. If that support was to be defeated we would likely see a retest of our major support area between $9500-$9570. So if we do fall below $10,000 i highly suggest some orders at $9500-$9600

Note

Im no longer certain we will fall any lower for daily close, its still a decent possibility but i got in at $10200 with 20% of my normal position and will move 30% more in as things play out. Daily close looking like anywhere from $10,050 to $10,350 at this point and upward post day close. So long is the play IMO but if we look like we will break support at $10,150 at any point then close out and wait with orders down at 9.5-9.6 no need to short and risk money from $10,100 to $9600

Note

Starting to look very likely that we may even begin a jump up before daily close. How far up we go in each 30min candle will increase the likelihood of a jump Starting at likely 30min before daily close, which is 1h23m away.

Note

I expect a whole lot of up and down, sideways For at least the next 6 hours. Still high probability of going up once we do move

Skimanner

Also on:

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.