Price has wicked above 1H stops and closed lower. I'm looking to short the SFP but want to see a break of this rectangle first.
Potential Swing Failure Pattern as price has ran the H4 stops and taken the stops just above on the M15 timeline before retracing lower. I'm targeting a retrace to the previous S/R level.
Shorting retest and rejection of 6500 resistance. Placing target at the bottom of the range.
Trade Idea Price has broken first resistance on the H15 pivot chart. Looking to long a retrace and retest of that resistance as support. Targeting the .5 Fib of the retrace of the pump at 6455. Stop at 6440; Target 6562. Shorts are piling up on Bitfinex making chances of squeeze likely.
Hidden bullish divergence on the 15min chart
-Buy near bottom of channel, sell near top -Set stop just outside bottom of channel
-Buy the bottom of the channel, sell the top -Stop set just outside of channel bottom
Noting the weekly candles that followed the previous bear market pumps of BTC. Price retraced about 30% at some point in the following weeks.
-Support turned resistance at 7754 -Short the resistance test -Target next area of previous resistance as support
Heavy volume on the initial Binance listing making finding a target difficult.