Bitcoin appears to be following textook Wyckoff logic.
If price continues to move as expected we should see a drop to the golden ratio ~ $9939 within the next 24-48 hours.
I would have liked to seen price come up to test the resistance from the underside but price/volume is struggling to get there.
As it stands I was already short but I may miss adding to my position if price does not test 10649.
If we suddenly break past 10.9k this entire idea is invalid.
If price continues to move as expected we should see a drop to the golden ratio ~ $9939 within the next 24-48 hours.
I would have liked to seen price come up to test the resistance from the underside but price/volume is struggling to get there.
As it stands I was already short but I may miss adding to my position if price does not test 10649.
If we suddenly break past 10.9k this entire idea is invalid.
Nota
Added to my short at $10,571. We appear to now be in a wyckoff event on the 5 minute chart while in the LPSY phase of the larger Wyckoff event.Nota
Took profits on a portion of my trade at $10,343.Nota
Took profits on another portion of my trade at $10124.Still holding 60% of the position.
Nota
Closed trade at $9,940.Dagangan ditutup: sasaran tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.