@LennaertSnyder So you had a short that got stopped and now longing ?
What happened to the box at 61.5k showing a rejection?
You keep changing boxes ??
https://t.co/Pq6anRhNkv
$BTC swept the rangehigh like discussed yesterday.
Update on yesterdays and current positions: According to plan I shorted the exhaustion twice yesterday.
My first short got stopped BE, my second one stopped in a small loss after tightening stop.
This morning I shorted Bitcoin again at 60.8K, I use tight stop losses personally when I'm entering in a POI, and willing to catch a few losses before a potential winner.
This is my personal style, another way of executing is just using a wider SL and execute once.
Imo it fully depends on what kind of trader you are and how you cope losses mentally.
Took 25% profit from the 60.8K short and entry to BE since it's a more risky one.
It's NFP day today and markets can get bumpy, so I only want to take a trade when I get a clean entry.
Spot demand woke up at these lows, so catching a long on pullbacks is legit.
A zone for longs is the 59.2K area, value area low and market shows inefficiency in that pump. Only trading the trigger after we tap it.
Losing this zone and I'm expecting new lows, personally hope we tap 55K when that happens.
For additional shorts, I'd like to mitigate the 61.4K/62K area. Good passive liquidity and liquidations there.
Again NFP, so I'm being cautious.
#Bitcoin made a little sweep beneath the lows.
Nothing convincing, as the trend is still clearly downwards.
I'd prefer to see it revert back with a strong liquidity wick, which hasn't happened yet.