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Bitcoin back to 100k by EOW

Am currently waiting for bitcoin longs. I think its quite probable that the market will return to 100k area by the end of the week.

On the chart I used the path tool along with risk to reward tool to highlight potential price movements and entry areas.

I'll update in the comments when am entering.

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In the mean while took a scalp short. Seems we breaking down lower to 90500 area. Monitoring closely though, I might exit and wait a bit for correction back to 92800 area if I see market looking like its pullback as its a bit low right now

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Updated take profit on the scalp short

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Repositioned short. Early short price went in my favor for a but was late to the move and didn't get out in time.

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That last attempt at short also didn't work out. But caught an impulse long this morning. Waiting for a bit of correction to scale back in- That would be the big long trade entry for 100k area by weekend

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Scaled into long position

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Scaled into the position a bit more

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This is a more accurate representation. Extended my stop a bit to 94650

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Just scaled into bitcoin a little bit more

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Closed 70% of bitcoin long position

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Scaled into bitcoin long

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Scaled into bitcoin long a little bit more.

New avg entry: $96830
Stop: $96195

4-5RR

70% tp at $99500
15% tp at $100000

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Extended my stop a bit to 96000. Don't think I need that much its just to avoid a wick spike. If a wick spike does happen and market still looks like it wants to fall lower I'll probably exit before then.

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Adjusted stop from $96000 to $95950

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