BTC looks like it is setting up a really strong opportunity and at this point we can look for the places where we'll have the strongest edge betting on BTC dropping. I've linked some other analysis to support why I think these are likely swings and important levels. In this one we're going to do a basic "Look left" analysis and see how we'd prepare for a move in BTC of similar form to the previous drop.
I've colour coded the sections. In the last drop the clear opportunity came after the first fall, the first correction and then during the red coded section this was where shorts could make a lot of money. If we head into a fall looking like that on BTC in the coming days/week, we might have similar opportunities. The fall will be strong overall but there will be fast bullish rallies in it, by being well prepared for these bullish rallies we can simply set limit orders to get into the retracement and we can hit this swing down multiple times.
Very strong profit opportunities for both day and swing trades in BTC if we get down into that zone and begin to display down trending properties.
I've colour coded the sections. In the last drop the clear opportunity came after the first fall, the first correction and then during the red coded section this was where shorts could make a lot of money. If we head into a fall looking like that on BTC in the coming days/week, we might have similar opportunities. The fall will be strong overall but there will be fast bullish rallies in it, by being well prepared for these bullish rallies we can simply set limit orders to get into the retracement and we can hit this swing down multiple times.
Very strong profit opportunities for both day and swing trades in BTC if we get down into that zone and begin to display down trending properties.
