BTCUSD: game over or just a recharge?

30 Nov 2019

Waiting for reaction to 7370-7220 zone for taking buy opportunity.

The 7370 could potentially provide liquidity via swing failure

It is also untouched OB

So thinking if price is to go to 8K it shall start there

1 Dis 2019

Nota

Give it some time...

1 Dis 2019

Nota

Is time

1 Dis 2019

Nota

I think it is good to take profits at 7460 until we see further follow up from the price

Sure we could have just bounced for 8K, but in this game you’ve got to keep risk under control

1 Dis 2019

Nota

covered 50%

left second half for breakout attempt

having broken supporting trend line down #BTC now facing it as resistance

successful breakout leaves hope for retest of 7830 imo

3 Dis 2019

Nota

So it seems now that price is following the original scenario, whereby liquidity pool above 7370 was approached for downtrend continuation.

If odds turn out not to be on my side, well that’s dirty manipulation/

Hedge short from 7300, send it south!