Not much has changed since the previous analysis. BTC counter trend is not moving very fast and higher TF-s like 8H has a trend low point structure extension (blue area), that might act as a cushion for longs and there is a possiblity that the countertrend structure will be broken in the short term (C-T). In case we exit the countertrend, BTC will move towards 62000, what can be used to short, but its a risky move, since the price is in neutral territory.
Right now, we wait.
Right now, we wait.
Trade fermée manuellement:
Closing the position with a small loss, too much risk right not, might consider again around 62K. Reason for close is soft stop loss criteria has been met, countertrend structure is not valid anymore.
Commentaire:
Opend a new short around 61860. Target price remains the same, this is a hedge agains a fast drop, since weekekly close is near and anything is possible. This trade will be closed as soon as 15M C-T ends.