Guys, here it goes again! Oil $CL is trading at the highs of the last two months, above $93, and spiked around 1% just after the attacks on iran, as reported by an Iranian agency not an official statement yet.
And with that, $BTC respected the last level of resistance on the 1H, where we had the retracement of the last swing around $78,800. I was actually waiting for this level for a short. The technicals were calling this short move earlier, but in such a low-volume market, it wasn’t that clear. Just one catalyst was enough to push through this level and give us a structure shift on the LTF for at least a 2% rally, but the point is, it didn’t happen.
I’m not sure whether I should be happy or sad because I wasn’t in the position 😂. I’ve added a small position now. Let’s see if the geopolitical catalyst pushes the move in my favor. If the attack is confirmed, surely we could see statements from both sides regarding the threats and more developments.
For now, the long setup is invalid in my view.I’ll either wait for the equity session tomorrow to see momentum or a shift before that.Otherwise, I’ll remain bearish until we get at least a shift on the 15M and 1H that’s the minimum criteria for me. Until i am targeting the lower levels on BTC $ETH AND SOL cause i believe we could sweep the low if wanna be bullish need a daily double bottom to liquidations under that zone to get washed..
Let’s see how this plays out. I’m not targeting too much here, just the low, with the SL sitting around $79,100. I may add to the position around this level if $78,800 doesn’t break. If the market keeps ranging, I’ll exit this trade around the $78,300 zone, expecting at least that level before the next equity session. During the session, I’ll trade my proper setup accordingly.
The situation is a bit choppy, which is why I’m taking only light positions. I dont like, such low volume
Drop a like and share your opinions on the technical move, guys! 👀📉
#IranSaysItCapturedUSUnmannedSubmarine
And with that, $BTC respected the last level of resistance on the 1H, where we had the retracement of the last swing around $78,800. I was actually waiting for this level for a short. The technicals were calling this short move earlier, but in such a low-volume market, it wasn’t that clear. Just one catalyst was enough to push through this level and give us a structure shift on the LTF for at least a 2% rally, but the point is, it didn’t happen.
I’m not sure whether I should be happy or sad because I wasn’t in the position 😂. I’ve added a small position now. Let’s see if the geopolitical catalyst pushes the move in my favor. If the attack is confirmed, surely we could see statements from both sides regarding the threats and more developments.
For now, the long setup is invalid in my view.I’ll either wait for the equity session tomorrow to see momentum or a shift before that.Otherwise, I’ll remain bearish until we get at least a shift on the 15M and 1H that’s the minimum criteria for me. Until i am targeting the lower levels on BTC $ETH AND SOL cause i believe we could sweep the low if wanna be bullish need a daily double bottom to liquidations under that zone to get washed..
Let’s see how this plays out. I’m not targeting too much here, just the low, with the SL sitting around $79,100. I may add to the position around this level if $78,800 doesn’t break. If the market keeps ranging, I’ll exit this trade around the $78,300 zone, expecting at least that level before the next equity session. During the session, I’ll trade my proper setup accordingly.
The situation is a bit choppy, which is why I’m taking only light positions. I dont like, such low volume
Drop a like and share your opinions on the technical move, guys! 👀📉
#IranSaysItCapturedUSUnmannedSubmarine
