This is my plan/bias for trading this week
I always do this to get some minor bias, so I can look for set ups
Looking at current conditions, I will take profits (if being right ofcourse) at my initial profit level of 7900
Yellow frame is a sort of guide line for me to start hedging and accessing future possibilities of possible trend reversal
Red frame is where I will start looking for shorting opportunities
Again this is btc and its on its peroid... be carefull!
*WIth all the talk about the 50/200 MA death cross and retail sheeps looking to get out or shorting, this move
up isnt suprising since market makers have this huge liquidity aviable... but once the retail scum will find out they are trapped
we should see further move down beacause the will buy back and we will have liquidity to start opening some shorts.
I always do this to get some minor bias, so I can look for set ups
Looking at current conditions, I will take profits (if being right ofcourse) at my initial profit level of 7900
Yellow frame is a sort of guide line for me to start hedging and accessing future possibilities of possible trend reversal
Red frame is where I will start looking for shorting opportunities
Again this is btc and its on its peroid... be carefull!
*WIth all the talk about the 50/200 MA death cross and retail sheeps looking to get out or shorting, this move
up isnt suprising since market makers have this huge liquidity aviable... but once the retail scum will find out they are trapped
we should see further move down beacause the will buy back and we will have liquidity to start opening some shorts.