We have most likely formed weekly higher low (compared to last at 6500), fractals from previous dump suggest we already hit bottom. We are just waiting for retest and confirmation with daily higher low(compared to 7050$). We are most likely forming equlibrium on after all this dumping. Target will be to 8300-8800$. We can than break bullish weekly equlibrium or get even more tight with another higher low and lower highs.
My play will be longing big 7150-7100 and hold it to 8500$ where I will start to hedge to 8800$ in case we get another higher low. And add to long at 8k and ride it, weekly bull break of equlibrium will give at least 30% gains in a week. Note that if we break bellow 7k now it will look very poor for bulls and we can easy have 1k red candle.
Entry: 7100-7250$
Target 8800$
SL: 6950$
My play will be longing big 7150-7100 and hold it to 8500$ where I will start to hedge to 8800$ in case we get another higher low. And add to long at 8k and ride it, weekly bull break of equlibrium will give at least 30% gains in a week. Note that if we break bellow 7k now it will look very poor for bulls and we can easy have 1k red candle.
Entry: 7100-7250$
Target 8800$
SL: 6950$
Nota
If you want to long it with leverage I suggest using deribit(50x) or bitmex(up to 100x). First one is lag free and second one has bigger liquidity.deribit.com/reg-1049.6399
bitmex.com/register/PcVcaX
Dagangan aktif
We have broken of rising wedge, there is usually retest of break area(not always), and I see potential HS forming, if u want to play it short term u can scale shorts up to head of HS with SL above. This hs also gives target of 7100$ which would be nice entry for long.
Entry: 7470-7540
SL: 7610
Target: 7100
I am already short from break of wedge, if we go up to retest I will add to short.
Dagangan aktif
Short is going well, filled at +7700 range. Lets see how far down we go. Looking to long on 6th.Nota
WE are closing on target to go long. I am staring to fill my bids here and lower.Dagangan aktif
Longs filled, lets hope for the best now.Penafian
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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.