Mitigation Block

May 16, 2023

There is a simple mitigation block on BTC.

Trend reversal day is Thursday.

May 18, 2023

Note

We waited till Thursday, so I will dive into short term price areas for entry. Today might be a funny day.

May 19, 2023

Note

Funny day!

May 22, 2023

Note

On Thursday we saw a red candle covers 2 green candles.

We come back, retrace and kept going lower.

There is no volume in the market so we have to keep an eye on the position and use tight stop losses.

There is a possibility to go back to 28.600 and going down there.

We shared that 27.600 short level in the previous analysis at you can see down there.

So it's important when If the post piqued your interest, please also follow the comments to see if it turned out to be correct.

Also, a trader's best consideration is their "Ideas" in TradingView.
Both ideas and comments cannot be changed.

I hope you have a good day and get good opportunities.

Here, I will close the majority of the position and continue to protect some of it with a tight stop.