Short the bounce

Was eyeing a higher target but I think this is a good place to enter or build an entry.

I still expect some sharp downside left this week, if the chart lands as plan this would be a medium term bottom imo. It doesn't mean we are breaking the 31k high, in fact I believe this is our 2023 high at 31k. For me it does mean we can run back up near those upper levels before falling into late Q3-Q4.

Nota

Adding an alternate landing spot.. now that we fully filled.

Lets see which is the correct path.

Nota

SL 27600 is in place

Nota

Best way to describe what I think were seeing now

Nota

There is a possible path back under 29k developing here. The really grinding it high and I don't know if were trying to shake people off or we holding up here for those little alt gains. Either way becareful.

Nota

As for the discussions on the top price for 2023 as I mentioned in this post. We clearly broke the 31k high.

So I will assume we still on course for this.

Nota

Alternate path from the July 4th post.

Nota

I would take July 4th post and remove a landing at 28300-28500 off the table. This has a red week written all over it for me.

Lets see how 26100-400 reacts

Nota

Its a long as stated on July 4th post.. just took forever.

Nota

Not really sold on the short but think it’s worth the opportunity

Nota

Short is looking good from the high.. decent probability this is going to cut deep.

Just playing scenarios here.

Nota

This sideways trading is very annoying..

Anyways it looks long

Nota

Dagangan ditutup: sasaran tercapai

closing post.. but possible scenario above. Lets see.

MrPipa

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MrPipa