$BTC
Busy today so not much time for TA
I have been through the charts quickly to update my TA and set my alerts in case we hit a level of interest
Going to share with you guys!
1/
Busy today so not much time for TA
I have been through the charts quickly to update my TA and set my alerts in case we hit a level of interest
Going to share with you guys!
1/
On my scalp short last night I hit another 2x TP before it came back to hit my stop at entry
I missed the failed auction above 40.5K earlier although catching that short I think would have been harder than the one below as we didn't take the high
2/
I missed the failed auction above 40.5K earlier although catching that short I think would have been harder than the one below as we didn't take the high
2/
https://twitter.com/johnnie_jacks/status/1420376591884984332?s=20
Still in a swing long from 32K, so what now?
We've been battling the 40K/local range high resistance now for a while
Could we just break through?
Yeah I think so, in which case this setup is still relevant
3/
We've been battling the 40K/local range high resistance now for a while
Could we just break through?
Yeah I think so, in which case this setup is still relevant
3/
https://twitter.com/johnnie_jacks/status/1420301994808340482?s=20
Of course we could stay in this range between the Daily level and Weekly level for a while, possibly with deviations/SFP above and below for a while
Which would honestly give some nice scalp/day trades and probably alts some space to run
4/
Which would honestly give some nice scalp/day trades and probably alts some space to run
4/
What if we head lower?
There are a few setups I have in mind but the nearest in price to where we are now is this one
If we go down and don't get the reaction I'm looking for, I'll look again at my setups lower down
5/
There are a few setups I have in mind but the nearest in price to where we are now is this one
If we go down and don't get the reaction I'm looking for, I'll look again at my setups lower down
5/
MORE ADVANCED CONFLUENCE (not necessary if you don't understand the theory yet)
This would have some confluence with TPO, as we have some poor lows from the 28/29th we could clean up, and would hit the TPO and VOL POC from the 26/27th
6/
This would have some confluence with TPO, as we have some poor lows from the 28/29th we could clean up, and would hit the TPO and VOL POC from the 26/27th
6/
As for what's more likely?
At the moment we have failed to get acceptance against range highs
Locally OI and Longs have been building since the low overnight
I really need to look at the volume/delta of each breakout and rotation in more detail to form my opinion
7/
At the moment we have failed to get acceptance against range highs
Locally OI and Longs have been building since the low overnight
I really need to look at the volume/delta of each breakout and rotation in more detail to form my opinion
7/
IMPORTANT
No Plan = No Trade
There's no trade here for me (except possibly aggressive scalps)
Don't get into a trade just because you need to be in one
Make a plan, set your alerts and relax
The market will do what it wants, it's up to you to react to it
8/
No Plan = No Trade
There's no trade here for me (except possibly aggressive scalps)
Don't get into a trade just because you need to be in one
Make a plan, set your alerts and relax
The market will do what it wants, it's up to you to react to it
8/
As always, if you have any questions please COMMENT it below (don't DM!) so others can benefit
9/END
9/END
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