This is not a new COINBASE:BTCUSD idea. This is just a cleaned up version of the idea I originally posted July 6, a week before my entry (31.85k) was hit. The original chart was hastily put together, as I was in the middle of moving and just didn't have the time to properly clean up my TA, so that it makes sense to someone other than myself. Why am I...
Nice little Cypher played out. Still a bit busy and happily sitting in my swing short , so that's all for today :-)
Updated summary of wins and losses thus far, to keep myself accountable.
DISCLAIMER: Just got to Europe, so this plan is half-baked and is not backed up by the hours of TA I typically do, but I'm confident enough in this swing setup I thought it would still be useful to share. This is a modification of my previous/existing short setup. 31.8k is a high liquidity level consisting of a HTF .5 and MTF 1.13. In addition to the bearish...
I don't talk scalps often, but there are lots of imbalances asking to be taken out before going for 31.8k (explained in separate chart).
Anticipating a LTF trend reversal from bull to bear after price reaches the last 2 strong fib levels of 27k (.66 and .5) and 27.8k (.3 and .786). In addition to the formation of a bear flag, once price hits the PRZ there are more attractive levels below than above, making it likely price will start to move to the downside into the key support zone. My ideal...
DISCLAIMER: I'm still busy moving out of California and this setup is based upon 30 minutes of charting vs. the entire day of charting it usually takes me. I also don't have the time to draw out my TA nicely in a way someone other than me understands, so I apologize for the poor TA on this chart and I'll have to verbally explain my BTS TA. This position is based...
Disclaimer, these are targets based on LIGHT charting as I'm busy moving out of LA and just not getting a lot of screen time. However, the market doesn't wait for anyone, so I thought I'd at least get this idea out there, in case it may be helpful for anyone else. We're approaching the first PRZ, so we could reverse and go down from ~28k, but there are some...
Another example of how BTC trades so technically well (and the reason why I love BTC). The alignment of all these strong fib levels makes 28.4k an area of high liquidity and since BTC is always on a liquidity hunt, it was always destined to go there....and it did... perfectly . I'm truthfully mad at myself for missing this level, it's something I should've found...
COINBASE:BTCUSD continues to channel within this pitchfork as it approaches my next target of 27.4k, which I consider to be a strong (magnet) fib level.
.618 fib channels serving as a pivot point for a potential long
BTC remains in this channel, which could be a potential bear flag forming. Strong fibonacci levels, that act like magnets to pull BTC to these price points, suggests bullish activity in the short term.