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last week I gave only one trade. I know I don't always give trades, but I try to be as transparent with as high conviction as I possibly can when I do. @TradingFloor_TF
Update on short position;
As you can see we have seen a see a continued drop.
We are currently trading below the POC of this sustained range.
This leads me to believe we will come down further.
Targets remain the EQ and range low/VAL.
There is a lot of talk about "cycle top" or "final dip before moon" circulating.
Keep it simple, trade the range.
Look for longs below the EQ and within possible range deviations to the downside.
Look to accumulate high-conviction assets when Bitcoin is trading within this area.
To reiterate from last time, I would not personally short the top of this range again.
Eventually, the range will break, for now, it continues to offer ample opportunity.
I gave out this short position in my latest video.
If you haven't already seen it, check it out, it's less than 5 minutes long (post attached below).
I share my thoughts about where we are headed from a macro perspective and how I would approach trading the more immediate time frame.
If you did take this short, take some profits, and move stops closer to entry, a move down to the EQ of this range would be a nice TP2.
We can also look at the POC and VAL as areas of interest and monitor for a reaction.
We have had several failed attempts to break critical resistance now but I do believe we will break resistance next time we test it, so I would not personally try and short the top of this range again.
We can look for entries below the EQ and premium of this range in what would be considered the "discount" area.
@Thomas96811258 @TradingFloor_TF No problem at all. Yes exactly, Bitcoin made SP or as I refer to them, "imbalances", which it needed to fill after that recent rally up which gave an opportunity for at least a little long as you mentioned.
This is the 3rd major long area I've given on ETH that has given at LEAST a 7% gain so far. Telling the team to make sure profits secured before the latest drop and telling them I'm going long at the lows.... @TradingFloor_TF Don't miss out
#SP500#Elliottwave helps manage expectations daily, weekly, & monthly.
The main target has been $5200 to $5300.
Did I trade this perfectly? No
Did I capitalize on this? Yes
Analysis is the easy part; execution is the hard part.
Bridging the gap from analyst to trader is key.
#NASDAQ100#Elliottwave manages expectations daily, weekly, & monthly.
The main target has been $18k to $19k.
Did I trade this perfectly? No
Did I capitalize on this? Yes
Analysis is the easy part; execution is the hard part. Bridging the gap from analyst to trader is key.
Whatever your bias was, inside @TradingFloor_TF we were very clear. We're waiting for a move down... and that it came. Love when I get confluence with another one of our coaches @LarrytheTyrant