BTC bounced from the range low and currently is consolidation under VAH of the range. I expect another rise to dnPOC at 17275 wich is in confluence with golden pocket fib retracement and two weeks ago high wick. if we get a swing failure pattern I would short BTC targeting POC of the range and eventually range low. if the price blast through resistance there is no short for me
Comment:
I was sleeping as the price took the high and couldn't short the SFP, I would short on the retest of highs again. I would be very aggressive with profit taking as the market structure is still bullish and the price can have another impulse again.
Trade active:
took a short 17230 avg entry
Comment:
I had quite a large position at this level so i am closing half of it here and move stop to entry
Comment:
I still hold this short and in order to protect myself I took a hedge long at 16900.
Trade closed: stop reached:
I got stopped out on the rest of my short position overnight at entry, overall profitable trade. and I took profit on my hedge long that I had from 16900 and moved stop to be. I think price is likely to push higher as MS is intact in a bullish form