Swing short on BTCUSDT (and by extension, all of crypto)
At this point I'm willing to share with the public that I see a potential drop in
BTCUSDT
, and look to capitalize on the move to the 24K area.
Once again the analysis is rather simplistic, utilizing structure, liquidity and ranges.
As we already took buy side liquidity, we anticipate a move back towards the lower end of the range, where sell side liquidity resides.
We have already signaled that markets are willing to seek sellside with a change of structure.
As always, will look to update the idea gradually.
BTCUSDT
, and look to capitalize on the move to the 24K area. Once again the analysis is rather simplistic, utilizing structure, liquidity and ranges.
As we already took buy side liquidity, we anticipate a move back towards the lower end of the range, where sell side liquidity resides.
We have already signaled that markets are willing to seek sellside with a change of structure.
As always, will look to update the idea gradually.
Trade closed: stop reached:
The trade was stopped out, however the area highlighted is still acting as a "resistance". Would look at the following next days and weeks to see if a secondary entry could be placed.