We also put in back to back trending days in the TPO. Bullish trending day straight into bearish trending day. Absolute clown PA 馃ぁ馃帾
83
2nd entry hit
Let's see if this move has gas 馃殌
Took a long here on $BTC in daily demand because I really liked the low that was put in on the TPO after the sweep. Huge amount of liquidations and bottom shorters that got trapped.
I don't rule out one more sweep to wipe the weekend lows, so have a second entry set for 76007.3
Most are looking for a sweep of pwl but I think that serves as a strong invalidation imo and should not be swept if price is to truly remain bullish. 76k is the last line of defence, below that we're looking at waaaay lower.
Could be drastically wrong but no point in looking for shorts here, it's either long here or long lower, the time to short is since passed.
6
207
I really do believe $XPL is a sleeping giant right now. It experienced a non-stop heavy downtrend and we have been consolidating in this range for nearly an entire year, slowly but surely accumulating. Sellers have repeatedly tried to push us out of this range but for an entire year it has been absorbed. Now we have hit daily demand and sellers are once again trying to push us out of the range. I am of the humble opinion this will be just the catalyst we require for blastoff season.
A spark is about to start the fire soon. I don't know what it will be, but I'm positioned and waiting.
Sometimes it's about timing, sometimes it's about luck, often times it's both. But this one is definitely worth the risk. It's as asymmetrical as it gets.
Took a long here on $BTC in daily demand because I really liked the low that was put in on the TPO after the sweep. Huge amount of liquidations and bottom shorters that got trapped.
I don't rule out one more sweep to wipe the weekend lows, so have a second entry set for 76007.3
Most are looking for a sweep of pwl but I think that serves as a strong invalidation imo and should not be swept if price is to truly remain bullish. 76k is the last line of defence, below that we're looking at waaaay lower.
Could be drastically wrong but no point in looking for shorts here, it's either long here or long lower, the time to short is since passed.
Basically opened completely flat today on the daily. Either this puts in a massive wick and flips or we get one of the most bearish candles we've seen in a long time.
Posting phone charts cause I'm afk 馃
2
157
If you look at the daily chart on $BTC we haven't seen any strong displacement down, it's just been a controlled slow bleed.
Less reminiscient of actual bearish PA and more closely linked to bullish pullbacks.
I think the local bottom will be in sooner than people think, if it's not in already.
This makes more sense as an area for a bounce than one for a breakdown imo.
104
The rollercoaster of this trade was absolutely not worth the cheese 馃槄
This PA has been absolutely cooked
2
106
If we reclaim the range low on bitcoin:native then this was just a deviation and we aim for range high.
If we reject from range low then I will cut longs as it will confirm to be a bearish retest and our target becomes previous range low.
82
Very bad sign for bulls atm. They're absolutely slamming bids but bears are just strangeholding them down again and again...
1
128
Added to $BTC longs here which was always the plan. Good sweep of PWL and a nice low has been put in (no long tail). It happened on the weekend which is never ideal, but the plan is the plan.
Looking at higher from here. Think everyone has flipped way too bearish at range lows... again.
Let's see what next week brings.
1
5
205
Someone keeps repeatedly putting a 20mil sell wall right at this level to suppress price. Just more blatant manipulation.
1
88
Even though we rejected at a place that was logical to reject, the fact we lost mvwap after only just reclaiming it, spending the entire month bashing against it, and then nuking through the whole pump can be described in no other way...
This entire month's of PA has been absolutely, positively, legitimately retarded.
5
149
