Bitcoin, At resistance, so we short.

Bitcoin is making similar fractals and pumped almost $1000 from the lows.

If bear market is going to continue good place to build a short.

If bull market to follow, then pull back is due for accumulation.

Time shall tell.

Сделка активна:

Dropping as planned. May see move up to the 42-4250 range to make a triangle and then should fail. Moved stopp lower to $4270 range incase bulls come back to push higher. If so, will build short from $4370-4500 range.

Комментарий:

Bitcoin moved as per my original fractal. Got higher orders filled for the short.

Wedge is building as well which would invalidate this fractal and we could see $4500 prices before correction.

Комментарий:

Trade going well, we should get back to the $4280-320 and then start falling again, it may go higher as BTC does what it wants or continue falling. Have stops in place in case larger triangle brakes upwards.