It looks like we are moving in this small descending triangle. There are two scenarios. Or we breakout, restest and go to 7k or we break down and restest support at 6650.
In bigger timeframes we should test this 7k but the question where is better position to take it :)
In bigger timeframes we should test this 7k but the question where is better position to take it :)
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well here are 3 possible scenarios and I guess green is the least likely. We can breakdown a triangle just to collect more shorts and test upward orange channel.
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Well my scenario happened much faster. But what most important my short has opened on trigger and I closed it on orange line. Now we should watch or we retrace to red previous support and fall again or climb up.
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possible scenarios
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Well I don't believe in this fake dump. Fortunately it didn't hit my short trigger (3$ left). Buyers bought the dip and I still expect bounce up to trendlines and emas
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Falling wedge has formed
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Finish for today. I did some proft mostly thanks to "stop market" shorts which opened during breakouts. I could trade more but I most rest and have fresh look tomorrow. Thank you for following me :)
