Basically market absolutely shat itself while I was enjoying some sleep after a good night out to the pub Sadly some longs I had been building took a sting Reasons: Hash rates in China died due to a huge blackout their which correlated with big downturn Also, lost 59K and it created a chain reaction of sells and long liquidations as price had been stuck above 58Kish without completely pushing to the proper targets so so many stops beneath this region Plan: 1. V-shape recovery - these are everywhere in crypto shows strength through a break in bearish structure and price pushes higher similar here, short term HH printed, now we want a HL to hold on the 'kneckline' of the V/W formation Good area to long if so, if not 2. Wick gets filled, 1D demand and median mid range longs this dump has left a huge 3K wick on the 4H chart, which is still 2K in size even on the 5m chart Saw this also at the 42K high just after big dump leaving big wicks which got filled Similar at 58K also where wicks got filled all the way down to low 40's These were caused by bearish divs though not blackouts etc. Again if that HL doesn't hold and this HH was just a run on stops of sells then it is likely the wick will be filled I would expect the 1D demand zone to provide strong support with a reclaim of the 'median' mids a decent area to start longing! Now the 1D close has just happened the candle bodies closed as a HL which is good to maintain the uptrend The way today has openned though is quite concerning. Hoping a HL forms for my portfolio's sake! See you in the morning!
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.