BTC Pullback?
What a run for Bitcoin the last couple days! Really loving in.
But as we just created a higher high, took out some of that buy side liquidity and starting to see some distribution at these highs on seconds charts, I have set an aggressive low-risk entry to take back some of that liquidity that was formed on that massive push up.
Normally I would like to see more confirmation before entering a trade but I have this feeling that this may be a quick move down, even if Bitcoin looks bullish as hell right now. But like I said, low risk trade to see if this plays out.
Looking to see Bitcoin come down in the coming days to grab some of that downside liquidity around 38.5k before the next push up.
Regardless as this is a risk trade, I will set break-even on this trade as soon as it breaks some structure to the downside, if it does.
If this gets stopped out, I will reevaluate and potentially look to reenter, assuming it doesn't shoot up from here.
But as we just created a higher high, took out some of that buy side liquidity and starting to see some distribution at these highs on seconds charts, I have set an aggressive low-risk entry to take back some of that liquidity that was formed on that massive push up.
Normally I would like to see more confirmation before entering a trade but I have this feeling that this may be a quick move down, even if Bitcoin looks bullish as hell right now. But like I said, low risk trade to see if this plays out.
Looking to see Bitcoin come down in the coming days to grab some of that downside liquidity around 38.5k before the next push up.
Regardless as this is a risk trade, I will set break-even on this trade as soon as it breaks some structure to the downside, if it does.
If this gets stopped out, I will reevaluate and potentially look to reenter, assuming it doesn't shoot up from here.
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