LTF swing low broke, selling a retrace, clear invalidation level
HTF upmove looks exhausted, been looking to sell, but didn't see/catch previous break in MS
HTF: Price coming in to Daily support
LTF: bullish break in ms on 15 min, long a pullback into order block
Targeting Daily block: reduce position by 50% and watch PA
I think this is just a relief rally/short squeeze of bottom shorters, hit the OTE, didn't get the best entry though. Average 6370 on XBTU18 futures. After an extended down move like this, probably shouldnt use .618 fib, and just use .705 and .786. Targeting the liquidity of the previous local low around 5750, not sure how low, so definitely taking profit along the...
Entered once the eq of the Weekly OB at 7524 broke down, shorted the retest of it, added when 7166 EQ of daily OB broke down, ended up closing at 6540. Was tired of holding it, hard for me to hold a trade for this long, defintely something i need to work on. Probably watch PnL a little less. Price action at the bounce wasn't very strong, formed a LH, HH, LH, so...
Caught the wick on BitMEX at 304, closed at 328
I think this is just a short squeeze/relief rally, probably should have taken 50% profit and then let the rest ride with a breakeven stop, but nothing wrong with just taking the profits.
Holding equilibrium of weekly order block, average entry 7485 on September futures. Caught the wicks of some stop runs, not sure how OKex liquidation is going to affect price though.
