We have strong key support at mother of all moving averages ( calculated average of multiple emas) and closer to Mid range as mapped on chart its near 28300 and minor support at 29k area on the LTF . however the htf as 2d, 3d chart is still not showing any bearish confirmation but early signals of exhaustion.. in case of breakout to either direction we might see a huge move its going to be volatile one this time.. we have inefficiency on the both sides with thing profile. inefficiencies on either direction usually gets filled very fast since there are less sitting orders at those levels..
in case of swing trading i wont take any shorts as we long
BTCUSD
holds 24800- 25,000 HL area. However for now I am looking to scale into shorts for day trading perspective after deviation and rejection from the mid zone of current range 29300-31xxx area or from range highs , for clear view of our short term range plays for intra day trading, here's how it looks like . 4h
looking at h4 i wont be surprised if we see a big wick upsides or a small weekend or monday pump. right now sitting aside and waiting for the entry..
i hope you enjoyed it.. happy trading.
NFA, DYOR and good luck with your trades ...
Trade closed: target reached