Short

everybody bulish again, at resistance

Updated

I play what chart shows me,
All I can see that price stoped just below 2 diagonal trendlines, right at the golden pocket, and went below Monday high.
unless proven otherwise, I entered short, target being at least Monday low. If this happens, I take there some profits, other % at 0.27 and 0.62 FIB levels, depending on how price reacts.
Invalidation above 19800 level.
GL traders!

Note

we are on the move

Note

Monday low was taken out, took 50% profits here.
From here it can go down as per initial idea, or make a reversal towards 19900 / 20500 or more.
Watching price action is important now, if it reclaims Monday high, I will cut it.
Also, important to watch the ES, I think there is a good chance for a squeeze up to 0.65 fib level, as it was rejected yesterday by the Monday high. But if today ES will find acceptance below Monday high, I expect crypto to go down much faster (it has been noticed that ES performed way better than crypto in the last days)

Note

still favouring downword, look at this bearish pennant about to break out now, taking liquidity from both sides

Note

Broke down and retested it, next target 19000.

Trade closed: target reached

Took other 20% profit at equal lows of 19082, and cut the all trade at 19285.
was a good ride and big reward, I don't want the trade to go against me
looking for possible longs here, if it breaks above the lows, will short on from there.
Hope you liked my analysis, wish you all good profits!

Note

ok, I found the long entry, will update on another thread

mihaibrandi

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