RACEACEACE BTCUSD BITCOIN XBTUSD WAITING FOR ENTRY! 17:00

The price did respond negatively at 14:00 as I had anticipated. I believe a frontrun is in play by the bears. The price has broken below the blue 1/1 from the pivot low = less bullish. Until it breaks below the 3/1, I will anticipate a bounce. Ideally, before 17:00 I would like a bounce to short. 17:00, in my opinion, is the go signal for bears. A wick up will give me more confidence to enter a short position. However, if the price gets below the 3/1 Gann fan line I will enter a short. I am being a little more cautious than usual at the moment.

Resistance: 7121, 7222, 7300

Support: 6900

iF THE PRICE MOVES ABOVE

Here's a recap of my idea:

"I believe January 3, 2020 UTC is a red day, but the bears will frontrun the market today at around 14:00 UTC .

I am waiting until 1. 10:00 and then 2. 14:00 to evaluate and determine my next trade.

I believe that the more time the price spends between 7121 and 7070, the more bearish it is. However, this does not rule out the possibility of a pump. I am currently not in a trade.

Currently, I believe the price action is similar to the price action on December 16, 2019. If by 14:00 utc today the price is not above 7121 / 7221 / 7300, I believe 14:00 will offer a good short entry, with a stop above 7300.

Invalidation: a move above 7300

I trade the 1 minute chart, so I will update as the chart changes. I was sleeping and got stopped out of my long (tight stop). I usually do not use a stop, unless there is strong doubt, which there was.

I trade the possibility and make money. If you are worried or if you think you will be 100% correct, good luck. Just so we are clear, I trade the 1 minute chart, so the updates are necessary as the bias / trade changes.

Anyways, that’s my idea. Thanks for checking me out!"