I've changed my mind. I don't think we are ready to fall to sub-30k levels yet or even 33k for that matter.
The bulls couldn't break through 38.5k and create a higher high, but it certainly wasn't for a lack of trying. I mean look at that volume and the steepness of that trajectory on the last upward impulse. There is no reason they can't regroup a bit lower after failing the first time and go at it again.
There is already ltf evidence that the bulls are carving out a bottom or trying to. I am getting ready to pull out of my short trade depending on how this 4-hr candle closes. If it looks like I can let this trade run a bit longer I will do so, however this is no longer the sweet entry on what I wanted to be a longer-term swing trade, but now is merely just a scalp. I've made good profits today and I don't want to lose them all back if the bulls start to pick up speed again. Trade safe out there guys.
The bulls couldn't break through 38.5k and create a higher high, but it certainly wasn't for a lack of trying. I mean look at that volume and the steepness of that trajectory on the last upward impulse. There is no reason they can't regroup a bit lower after failing the first time and go at it again.
There is already ltf evidence that the bulls are carving out a bottom or trying to. I am getting ready to pull out of my short trade depending on how this 4-hr candle closes. If it looks like I can let this trade run a bit longer I will do so, however this is no longer the sweet entry on what I wanted to be a longer-term swing trade, but now is merely just a scalp. I've made good profits today and I don't want to lose them all back if the bulls start to pick up speed again. Trade safe out there guys.
Nota
Whew! The 4-hour closed decently enough to denote more downside to come. I will hold my short a bit longer and watch the profits grow. But I am extra wary now that price will make another hard reversal at some point. Will redraw the abc impulse once we get a proper b pivot point.Dagangan ditutup secara manual
I've decided to close my trade after all. I'm not a fan of the low time-frame action developing and I need to get some sleep. This was an amazingly profitable short trade with high leverage from 37.3k and there's no need to get greedy. Tomorrow is a new day and we can always find a new trade :)
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.