Price is ridiculously close to my limit order, $33k seems to be an important price point for BTC.
All levels that were relevant on the way down will still carry weight on the way back up.
I’m still waiting for a pike of the lows at $32 400 and then for price to quickly get back above $33k.
I’m splitting my entry in half.
The first limit will be below $32 400 and the next one at $31 500, if I don’t see these prices this week then I’m not interested. I’ll look for a set up next week.
I’m not interested in shorting from here as it wouldn’t satisfy my R:R requirements or my trading rules.
It’s a game of wait and watch from here. I’m leaning long but I’m not married to the bias, I’m a good 70% bullish as things stand.
There’s always a chance we see $24k but even that will present a setup first.
All levels that were relevant on the way down will still carry weight on the way back up.
I’m still waiting for a pike of the lows at $32 400 and then for price to quickly get back above $33k.
I’m splitting my entry in half.
The first limit will be below $32 400 and the next one at $31 500, if I don’t see these prices this week then I’m not interested. I’ll look for a set up next week.
I’m not interested in shorting from here as it wouldn’t satisfy my R:R requirements or my trading rules.
It’s a game of wait and watch from here. I’m leaning long but I’m not married to the bias, I’m a good 70% bullish as things stand.
There’s always a chance we see $24k but even that will present a setup first.
