Price inside weekly supply zone, clearing out liquidity above last 31k high, equilibrium of 4h supply zone matches 32k price. Wide stop (2x 4h supply zone) for any stop collecting above the weekly supply
nflx after #cancelnetflix and cuties controversy got a smack on the head which lead to the short term moving averages to cross down under and lock in including a new low spike generated that crossed the current support at the ~470 area. The fake signal that the support maintained was generated a few days ago and now the EMA crossunder was tested from below.
My...
Trend maintains down, even after the huge 30%+ rally up in the past days. Higher high was not made. Fibonacci, MA, Resistance, Supply/Demand levels, Psychological price levels ALL HAVE BEEN TESTED at 300$. A good place to start building your short positions again.
All this follows the strong bitcoin breakdown we experienced a while back. See related ideas.
Resistance holds strong at around 9500$ but lower lows one after another, all Alt coins going down very strongly showing all these weakness signs since way in the past + ma crossovers really indicate the resistance is likely to collapse. Then its gonna hurt. definitely not time to be long. and entering short with anticipation instead of reacting to breakdowns...
