(A) Imminent. Layering in shorts. BTC.
As I think we are still trending down towards 4.8k I am playing the bounces as we go down.
Looking at the areas marked in the red circles, we can see that we are respecting both the 4h 100 MA and the 50 MA.
I think we might test and break the 4h 100 MA containment zone. We could bounce there and go straight down, so first short entry will be around there. If we break that we will test the 4hr 50 MA. I will also stack up on shorts there.
There is confluence with horizontal resistance (marked with red lines) where I presume the short entrys will take place.
I would like to add that these idea's prefixes with (A) is mostly for keeping track of my success-rate and archiving
Looking at the areas marked in the red circles, we can see that we are respecting both the 4h 100 MA and the 50 MA.
I think we might test and break the 4h 100 MA containment zone. We could bounce there and go straight down, so first short entry will be around there. If we break that we will test the 4hr 50 MA. I will also stack up on shorts there.
There is confluence with horizontal resistance (marked with red lines) where I presume the short entrys will take place.
I would like to add that these idea's prefixes with (A) is mostly for keeping track of my success-rate and archiving
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