Alot going on here, but its jus because I have been charting this out since around March.
BTC has a bearish setup where we could possibly see 92.5Kish.
Looking at MSTR which is a huge follower, we broke below the 200 on the daily.
My reasoning for possible short entry (red dot).
1. Trend Based Fib (3-point in green): shows we could bounce here, but extend down toe the $200 level.
2. We could bounce here because we are re-testing the monthly IB that we broke out, we are at the 50% quadrant of that IB.
3. However, we are currently trading within the 3M quarterly candle, and the HTF breakout we had was never re-tested. Sweeping this 3M candle, would put us in a good spot for long term growth.
4. Short entry would be red dot, with covering at the last high on daily ($358ish).
BTC has a bearish setup where we could possibly see 92.5Kish.
Looking at MSTR which is a huge follower, we broke below the 200 on the daily.
My reasoning for possible short entry (red dot).
1. Trend Based Fib (3-point in green): shows we could bounce here, but extend down toe the $200 level.
2. We could bounce here because we are re-testing the monthly IB that we broke out, we are at the 50% quadrant of that IB.
3. However, we are currently trading within the 3M quarterly candle, and the HTF breakout we had was never re-tested. Sweeping this 3M candle, would put us in a good spot for long term growth.
4. Short entry would be red dot, with covering at the last high on daily ($358ish).
Trade attivo
beautiful drop on MSTR
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.