Placed a short at $51,250 with a TP of $41k in line with my overall Bearish scenario strategy.
- My bearish scenario suggests a rally to back to $51k on the run up to Christmas then drop to $41k level - 19% move (stretch $37k). This is a bull trap move similar to early November. We've moved to initial target so placed with good risk to reward.
- A move up will start me leaning long in-line with Bullish Scenario Strategy
Best, Hard Forky
BTC Bearish Scenario
BTC Bullish Scenario
DXY - Uptrend
- My bearish scenario suggests a rally to back to $51k on the run up to Christmas then drop to $41k level - 19% move (stretch $37k). This is a bull trap move similar to early November. We've moved to initial target so placed with good risk to reward.
- A move up will start me leaning long in-line with Bullish Scenario Strategy
Best, Hard Forky
BTC Bearish Scenario
BTC Bullish Scenario
DXY - Uptrend
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21 Week MA poses risk to the approach but still expecting the 50 week to break
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push up but fail.
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$40k still viable
