Short BTC to 16,000.
Nice strong move down over the 200ema, the ema indicator also now turning down.
16000 aligns beautifully with the 0.5 fib and previous resistance. The move to 0.5 fib has an 85% chance if it clears 16550 area.
Coupled with my Donchain Ribbon showing red throughout and my Heatmap showing lots of red - I like this trade.
Stop at 17100.
Probability suggests a move to $100. Clearly Russian situation could dictate. Charts sees decent support off 4 hour ema, acting dynamically. Bounced off fib area of 71-78% nicely. A few confluences here. Never certain of course, but enough to place a trade
lots of confluences at 1.59 area in past few months - Significant level, previous structure, 71% fib and trend line, higher highs and higher lows, EMA in play.. looking 4x 8 hour rejections at this level to enter. T1 1.6130, T2 1.6170
Looks to be rejecting the 39k area… plenty of confluences to take trade
- candles rejection
- dynamic resistance of ema
- 39k round number and history area this area
- trend line
- 71 fib
- with trend
- prev structure
Never a guarantee, but enough to take a shot
Missed entry on this one because final rejection candle happened when I was in bed. Put here for later review. Good confluences.. with trend, rejection of ema, previous structure, round number level rejection, rejection of trendline
Looking for Oil to continue long up to around 65.40 area in the short term, nice confluence around that point.
Nice rejection of the 0.71 - 0.78 area at close to 60.50 price.
Let see.
