would love nothing but this idea to play out for #BTC ! INVERSE H&S pattern; trapping TONS of leveraged positions since Fridays market close. With this move panning out they have wrecked a lot of positions with the <6% swings (if on 20x leverage you are super liquidated without additional margin or adding to position depending on the area entered) Starting to...
It seems like we MAY have have seen a market shift “signal” in #BTC with the W formation with a HL AND ON TO ITS SECOND “wave” If we break this zone to the topside I will look for longs. If we break to the downside it’s possible we’re seeing the second wave down in our identified bearish trend (short term) and validates our current short positions. The 50...
I feel Asia session will retrace the previous session lows, and London will continue this downtrend Ultimately targeting the lower liquidity of the 50k range where we have a decent sized order block