shembags

shembags

more of a drop buyer recovery rejection off fib and previous support waiting for the trade to come to me

shembags

I think we could see price come down to the demand block and bounce from there creating a temporary buyer recovery.

shembags

Not saying id take the short down if it presents itself because that would be counter trend trading. Just noting there may be a pullback.

shembags

Daily level Looking for price to break and retest this and trade up to next daily resistance. Depends on BTC movements.

shembags

Would be mad if the take profit was hit in one candle haha.

shembags

If price breaks this resistance could see a rally to 40 cents.

shembags

- The big drop then 3 months of sideways action. - Now thinking of placing a short off the 618 to the 236 or further.

shembags

- Have been watching and waiting for price to break this resistance. - Entering off the retest on this level. - Noting the price has actually made a LH which is bearish but the RRR is good so I'm happy to take the punt. - SL below previous pivot low. - Good RR to market structure looking left.

shembags

- Depending how strong the EQ level is and how buying pressure is at these levels. - Will pull out on this trade if I don't see the right confirmations.

shembags

bearish divergence initiated the 4 hr trendline break. I was in a short with trailing stops and got stopped out for a 2.4:1 trade. Now just looking for another entry as I think we could retrace deeper to the 50-618 on the last push. - Looking for the 618 entry on the 15 min

shembags

- Retest and entry under .382 - Trade down to fib extensions

shembags

- 382 lines up nicely looking left with a previous resistance level which will now become support. - SL below the last pivot low. - Targeting fib extensions.

shembags

- Noted the bullish push up and break of res. - Lines up with the 50 fib from previous push up off the daily support. - Looking for a short trade up to the two zones.

shembags

- Overall downtrend on 4 HR. - Lines up nicely with 618 and resistance. - Minimum risk/ maximum opportunity trade as if price were to travel down after entry it gets further away from the stop loss inside the downtrend.

shembags

- Thinking this is the third leg of the ABC correction. - Big push up. Sell off and buy back. - Now looking for that short down.

shembags

- Noted the push down and now we have hit daily support and the buyer recovery is happening. - Looking for an entry off the 618 with SL above 786.

shembags

- Had the order in the book a few days before the price got down there. - Great RRR. Just sitting in it now waiting to see if we keep making HH and HL.

shembags Updated 

- Noted ATOM had a medium term down trend broken on the daily TF. - Daily bullish MS created with HL and HH. - Nice bullish push up on the 4 HR TF. - Missed the break in trend on the bullish push for the short so looking for staggered entries on the 50 and 618. - SL just below 87.6. - TP front running previous high on 4 HR.