Long an and short range play. Scalp. Near was on its way to hit a higher high right before the bitcoin dump most recently it pulled back 20%. The idea is to long 6-7$ to 10-11$ (short 10 back to 7).
Updated chart for this weekends bitcoin short play. I’ve annotated when I started putting out the play, when I anticipated the move would occur , where the retest may have already occurred, my limit orders and stops. The limit orders represent how I would scale in. Levels determined by where average trader would draw their trend, and place the order above the...
Hydra finally breaking out and restating monthly and 3 day trend lines.
Tight stop loss. Strictly a gamble. Weekend liquidity. Retest trend line then dump to next horizontal zone. Entries 70-71k. Stop above 74k. Take profit $63.4K. Leverage per your tolerance (but assuming 1x, that’s a 12-15 percent weekend play). Let’s see what happens.