Short Idea on BTC from Supply Zone
已更新
Looking to short.
Entry based on:
Target:
Looking for a retest of the support area, but not too confident in breaking any lows on this TF. Looking to take profit around the candle bodies near support.
Stop based on:
Hidden bear Divs forming on many time frames, so the dump may come before we reach that supply zone, in essence creating a lower low. After a major dumps, hidden bear divs are a dime a dozen, so I'm giving them less weight on this entry and waiting for price to trail up higher.
Will cancel short orders if Hidden Bear Divs play out and we dump prematurely.
Will not look to go long at bottom of range if short orders aren't filled.
BTCUSDLONGS are still too high and BTCUSDSHORTS have not spiked. Does not give me high confidence in current support holding. Looking for Wyckoffian consolidation at this level.
Leverage: 50x
Entry based on:
- most recent zone of supply.
- some important fibs
- a low volume node that I think we'll be unable to thrust through
- Top of 1H BBand that should serve as resistance
Target:
Looking for a retest of the support area, but not too confident in breaking any lows on this TF. Looking to take profit around the candle bodies near support.
Stop based on:
- top of supply zone
- Low Volume Node in Volume Profile
- Not expecting price to make a higher high before making a higher low compared to recent lows.
Hidden bear Divs forming on many time frames, so the dump may come before we reach that supply zone, in essence creating a lower low. After a major dumps, hidden bear divs are a dime a dozen, so I'm giving them less weight on this entry and waiting for price to trail up higher.
Will cancel short orders if Hidden Bear Divs play out and we dump prematurely.
Will not look to go long at bottom of range if short orders aren't filled.
BTCUSDLONGS are still too high and BTCUSDSHORTS have not spiked. Does not give me high confidence in current support holding. Looking for Wyckoffian consolidation at this level. Leverage: 50x
取消訂單
Cancelled short asks. Found something on higher TFs that's higher risk and lower probability that I like more. Will post at a later date.
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