S/R Flip

١٧ ديسمبر ٢٠١٩

This is proper flip of support to resistance. Forgive me for not being very bullish right now. None of the indicators is offering any confluence to favor a bounce.

١٧ ديسمبر ٢٠١٩

تم فتح الصفقة

Stoch oversold on the 4hr. A few wicks maybe and then downside continuation.
I hope it is down first ( I have bids sitting there) then up. I don't see it going above mid-range at 7125 and then back down.

١٧ ديسمبر ٢٠١٩

تم فتح الصفقة

Caught some knives here for the time being. Breaking that yellow line would be pretty ugly. I'm hoping to re-short around 68xx.

١٨ ديسمبر ٢٠١٩

تم فتح الصفقة

Yet another support flipped to resistance. This time a monthly support. I don't think we bounce. The yellow line in the 4 hour chat I shared earlier is what is providing temporary respite. More downside to come.

١٨ ديسمبر ٢٠١٩

أغلقت الصفقة: تم الوصول للهدف

I closed this trade at 6560. Potential bullish divergence on the daily so I am neutral right now and in BTC. It has been good so far.