Rally might fail here.
Обновлено
We're now retesting the price I exited my shorts from the high during the drop. I tried to buy here on the way down, got stopped out at even. Bought again at the low but think the best bet currently looks like re-entry of my shorts on the exit level.
I love to trade goods levels, because often you'll be right or you'll get a retest and have time to reassess the decision. This was part of my rational for trying the long. I have such a tiny bit to risk, can probably get out even if wrong and it's not all that likely I'll miss the short because my exit price would usually retest.
I picked up my most recent longs near the low on the possible 1.61 head fake. This can be a terminal pattern to a trend.
However, it's a polarising point. If this does not hold as support, then the breaking of it usually lends itself to short term capitulation.
We're up off this level but "Reaction" and "Reversal" are not the same. If you're trading good levels you'll usually get a reaction. Not all reactions become reversals.
The time to be most worried about this is while we're at the 76 retracement and retesting of previous structure - which is now.
A bull break here would be really good look for the bull trade, but if it's about to fail - it'll fail here.
Picked up a bunch of BTC, ADA and Doge at the lows. Up 10 -20% or so on these but stops all trailed really tight.
I think we might see lower, and if so - it's likely to be a strong down leg.
I love to trade goods levels, because often you'll be right or you'll get a retest and have time to reassess the decision. This was part of my rational for trying the long. I have such a tiny bit to risk, can probably get out even if wrong and it's not all that likely I'll miss the short because my exit price would usually retest.
I picked up my most recent longs near the low on the possible 1.61 head fake. This can be a terminal pattern to a trend.
However, it's a polarising point. If this does not hold as support, then the breaking of it usually lends itself to short term capitulation.
We're up off this level but "Reaction" and "Reversal" are not the same. If you're trading good levels you'll usually get a reaction. Not all reactions become reversals.
The time to be most worried about this is while we're at the 76 retracement and retesting of previous structure - which is now.
A bull break here would be really good look for the bull trade, but if it's about to fail - it'll fail here.
Picked up a bunch of BTC, ADA and Doge at the lows. Up 10 -20% or so on these but stops all trailed really tight.
I think we might see lower, and if so - it's likely to be a strong down leg.
Заметка
Starting to think 35K ish might be a better level to try a buy.Сделка активна
This should be the high if it's working. Final stop hunt should be made. 
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