Fractal Price Range Formations for BITMEX:XBTUSD.P by Binaryless — TradingView

Trend Lines Trend Analysis priceaction Bitcoin (Cryptocurrency)

trendline trendanalysis priceaction bitcoin

This is a chart I made to track if I understand the current market structure.

Comment:

I'm planning to fill short positions around 5400 & 5500 with stop around 5600 and flip to long between 4500 - 4800 range.

I am not confident* with this play, yet I'm willing to risk a small position.

snapshot

Comment:

Closed my shorts and flipped to long at $5090.

*Everybody* expects to see 4500-4800 soon. I don't think that will happen. I'm currently paying attention to this scenario.

snapshot

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