Bulls need to retrace, consolidate, accumulate and finally push through 7200 dollar with volume. Bears are exhausted until next fibonacci time zone and release pressure fase are beginning in the next cycle.
Nota
Ignore the short-interest ratio and use this study:
Target was successful reached. Next step is to take short-positions. Target may be 7140 dollar at 7240 dollar.
Nota
Take short positions i.e. if TD sequentials show a streak of 9 greens and 2 red or more streaks. Check the Stoch RSI and pump https://strength.https://www.tradingview.com/x/ftPUxyTy/
Trade chiuso: obiettivo raggiunto
Short-positions closed at 6400 dollar. I see 3 black crows in 8 hour timewindow. There is an opppertunity to go long if riskreward is acceptable. 3 Black crows are in the making in 1 day and 2D chart. Big momentums are still in play at the moment.
Trade attivo
Short-position on momentum and volume play. DCA short-positions and add more margins if needed. Close positions near stop-loss by adding as much close positions (BitMEX) to reduce losses. Then close all positions. Add/remove on momentum reversals.
Nota
Riskreward:
Nota
Dollar value averaging (DVA) is a strategy that I'm executing. I buy more positions on the reversals from the inside out: look at lower timeframes (15minutes) to get best entries and to load the stack. If your stop-loss limit is almost hit, buy as much positions before closing all all positions to minimize losses. The next days until 9-11 the bearish momentum of the squeeze is still in play. Check frequently if the bearish route is maintained!
Nota
The close lower than 21-EMA is a bear flag besides the release squeeze of 4 days. Don't forget to increase the margins to prevent liquidations.
Nota
Targets are lower lows: 6250, 6150, 6000, 5800 until 9-11.
Nota
3rd Fib timezone may have a dump. Squeeze Momentums & reversals are simular.
Nota
Short positions limit loss closed. Wait for next play.
Nota
Best play is to resume bearish actions. Respect the stop-loss limits and do dollar value averaging for shorts. Marketmakers may manipulate with volume like today but the overall trend is downwards.
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