Documenting my trading journey.
Documenting my trading journey.
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On the HTFs, $BTC is in a ranging market right now, $22,200 and $18,800. As I’m writing this $BTC just pumped up to a supply zone at $21,000 which coincides with a high volume zone.
What I am foreseeing is a potential short entry at $21,600 - $22,200. Will be shorting as the price goes up. Should PA show a continuous higher high, will consider exiting the trade with a small loss, else will remain short biased.
Updates: $Bitcoin retraced once it touches $21,600 levels. Went down to $21,000 and I took profits for the entire trade. Wanted to long that levels but my buy limit price was set at $20,997 = failure to enter. Right now price rebounded off $21,000 levels and will likely head towards the previous resistance once again at $21,600.
On the HTFs, $BTC is in a ranging market right now, $22,200 and $18,800. As I’m writing this $BTC just pumped up to a supply zone at $21,000 which coincides with a high volume zone.
What I am foreseeing is a potential short entry at $21,600 - $22,200. Will be shorting as the price goes up. Should PA show a continuous higher high, will consider exiting the trade with a small loss, else will remain short biased.
Updates: $Bitcoin retraced once it touches $21,600 levels. Went down to $21,000 and I took profits for the entire trade. Wanted to long that levels but my buy limit price was set at $20,997 = failure to enter. Right now price rebounded off $21,000 levels and will likely head towards the previous resistance once again at $21,600.
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