Was wrong shorting this monster early in the week.
However, this is still a supply zone until proven otherwise.
The r/r is there to punt a short even while your TL is omega bullish
What's next for $BTC?
Nearing decision time for the mid-term.
Make a strong higher high: Pullbacks are for buying into the range highs. 120k+
Inability to spend time above the recent high: Range lows, probably lower
Watching ๐
$BTC never tested my level, plan invalidated
Closing thoughts on this leg are that it feels like it could be nearing a top/ we likely keep ranging
Will be watching for weakness but open to continuation if a setup presents itself
$BTC quite the response off 112k
The question for me is will this hold on a retest/start consolidating around 113/114s
If we can keep up this momentum, easy long
112k is an important level to reclaim, but also a likely spot to reverse
Mondayโs NY session will be important, if we start losing the level Iโd like to see us hold the 4H 21 EMA
If not, expecting a choppy week ahead
$BTC