Keep it plain, simple and minimize the noise!
Here we have a bear flag on the 1hr timeframe with no real support.
We broke out to the downside, now I am waiting for a bearish retest to confirm lower prices.
I expect some buying pressure from the bulls around 28-29k, but after they lose and 28k breaks I'll be shorting
note: 27.5k, 26.2, 23.3 aren't real supports so they will go quick imo
The reason I am waiting for a retest confirmation as this could be a bear trap and simply liquidate the shorts..
At the moment - the market is sideways, choppy and RISKY.
I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade.
bring on the bear! 🐻💸
Comment your ideas down below :)
Here we have a bear flag on the 1hr timeframe with no real support.
We broke out to the downside, now I am waiting for a bearish retest to confirm lower prices.
I expect some buying pressure from the bulls around 28-29k, but after they lose and 28k breaks I'll be shorting
note: 27.5k, 26.2, 23.3 aren't real supports so they will go quick imo
The reason I am waiting for a retest confirmation as this could be a bear trap and simply liquidate the shorts..
At the moment - the market is sideways, choppy and RISKY.
I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade.
bring on the bear! 🐻💸
Comment your ideas down below :)
