$BTC Sunday update:
Difficult to read the current LTF price action and this is an scenario that I'll be paying attention to:
Acceptance above $64.5k will open the path to make a new local high, which is what I'm slightly leaning more towards.
Let me show you my HTF.
π§΅β(1/5)
BTCActivation price $65,578Direction LongType ConditionalTrigger Reclaim 64500Timeframe Short
Max Favorable +0.1%Max Adverse β11.4%Opportunity 0.06Time 0.00Magnitude 0.06Score 0.02
$BTC Sunday update:
Still seeing a recovery to the mid-range $69k.
From there, I'll look for signs of momentum decreasing and a potential rejection to close my long and set orders again at range lows for a possible Three Taps pattern.
π§΅β(1/5)
BTCActivation price $65,122.65Direction LongType DirectionalTimeframe Mid
Max Favorable +3.3%Max Adverse β11.2%Opportunity 0.80Time 0.10Magnitude 0.80Score 0.32
$BTC Sunday update:
Price is back at the range lows of this 4-month range.
I'm expecting a strong bounce here, not because it's a range since all of them eventually break, but because this drop was too sharp (-25% in 4 weeks) and is extremely overextended.
π§΅β(1/5)
BTCActivation price $62,179.15Direction LongType DirectionalTimeframe Mid
Max Favorable +8.2%Max Adverse β7.0%Opportunity 0.74Time 0.65Magnitude 0.74Score 0.57
$BTC update:
My last setup was wrong, sorry - price broke through that $72k area due to US-Iran escalation news.
Bitcoin is at a key support now and the 4h50EMA is very overextended so we should get a quick recovery to $70k-$71k. That's what I'm trading at the moment.
If that recovery takes place and then price falls again, we must pay attention to this current support because if it breaks, then price will trade towards the range lows.
Still struggling to trade this BTC Price Action more than usual, but I'm sure I'll get back to my usual performance soon.
BTCActivation price $64,142.75Direction ShortType ConditionalTrigger Hold Below 65300Timeframe Mid
Max Favorable +9.9%Max Adverse β4.9%Opportunity 0.68Time 0.77Magnitude 0.68Score 0.64
$BTC update:
My last setup was wrong, sorry - price broke through that $72k area due to US-Iran escalation news.
Bitcoin is at a key support now and the 4h50EMA is very overextended so we should get a quick recovery to $70k-$71k. That's what I'm trading at the moment.
If that recovery takes place and then price falls again, we must pay attention to this current support because if it breaks, then price will trade towards the range lows.
Still struggling to trade this BTC Price Action more than usual, but I'm sure I'll get back to my usual performance soon.
BTCActivation price $66,972.76Direction LongType DirectionalTimeframe Mid
Max Favorable +0.5%Max Adverse β13.7%Opportunity 0.08Time 0.00Magnitude 0.08Score 0.03