2hr time frame is showing the same pattern we broke out of recently after our midsummer peak AND our breakdown from 18k to 6k and finally to 3k. We put in our high already and topped at 9950. We will see a nice decline and bouncing around the $9200 area before retracing to roughly 8600. After that it is a mystery. Good luck!
Trade closed: target reached:
Hit 9260. Closed at 9300 and opened long. Looking to close long around 9550 -9700. and then reopen short. We could have drawn this triangle a little tighter but you get the idea. This could trade on top of the triangle but will break back down into it. Keep a close eye. No new high until we dip below 9000. This could all happen very quickly.
Remember, these trades are a quick open, close and hodl.
Remember, these trades are a quick open, close and hodl.
Trade closed: target reached:
I'll take those gains. Slow and steady. I am still expecting this to drop to around 9000. Let's see how the rest of this plays out.