Rewind - back to original short scenario again - re-entry into short did not materialise at $60k which means we might be moving up to $63k
Targets:
- Short at $63,800 - A break of downward resistance will bring out the longs then expecting BTC to run back into horizontal resistance this Saturday. Aligns with top of second leg of the local bullflag now forming. Current Long will act as a temporary hedge if it edges higher but not expecting $64k to break.
- Closing Long $58,500k via stop at $62,500 on retrace - Laddering out on return below $63k
- Short TP = $53k - this could conclude by Sunday (retrace to $60 into setup for $47k Target)
--- Last drop did not fair well for the ALTs but while short I might speculate with a long on SHIB after its few days of rest ;)
Just and idea.
Best, HF
Original: back to this
Adjusted:
Targets:
- Short at $63,800 - A break of downward resistance will bring out the longs then expecting BTC to run back into horizontal resistance this Saturday. Aligns with top of second leg of the local bullflag now forming. Current Long will act as a temporary hedge if it edges higher but not expecting $64k to break.
- Closing Long $58,500k via stop at $62,500 on retrace - Laddering out on return below $63k
- Short TP = $53k - this could conclude by Sunday (retrace to $60 into setup for $47k Target)
--- Last drop did not fair well for the ALTs but while short I might speculate with a long on SHIB after its few days of rest ;)
Just and idea.
Best, HF
Original: back to this
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Hedge Stopped out at break even. The money is in the short on BTC and we are on the way to $63k
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on the way
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And there is the breakout...
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