$BTC big short round 2 today, love me later
entry 80100-81500
short $BTC 👇
$BTC pumped after FOMC, then fell right back into the consolidation.
Classic false move. Price ran up and retraced straight back to the bottom of the range.
If you took the long from yesterday’s 4H imbalance, you probably secured 1 TP and got stopped at break-even after. Not bad.
Now the 79.2K sweep we’ve been watching since Monday is starting to look more likely.
Yesterday’s pump pulled in more longs, while the rejection created even more BSL around 82K.
That’s why my preferred scenario hasn’t changed.
Sweep the 79.2K PWL/weekend low, then look for lower timeframe reversal setups to long back towards 82K.
Yesterday’s imbalance was disrespected and flipped into resistance. I actually took a small scalp short there.
We also have a fresh 4H bearish imbalance around 80.7K. For scalpers, shorts can make sense here, but only after a proper trigger.
My final target is the 79.2K low. Risk/reward looks worth it for me.
Core PCE and GDP are coming out today too, so volatility could be exactly what we need.
Let’s see if the market gives us that sweep 👀
entry 80100-81500
short $BTC 👇
$BTC pumped after FOMC, then fell right back into the consolidation.
Classic false move. Price ran up and retraced straight back to the bottom of the range.
If you took the long from yesterday’s 4H imbalance, you probably secured 1 TP and got stopped at break-even after. Not bad.
Now the 79.2K sweep we’ve been watching since Monday is starting to look more likely.
Yesterday’s pump pulled in more longs, while the rejection created even more BSL around 82K.
That’s why my preferred scenario hasn’t changed.
Sweep the 79.2K PWL/weekend low, then look for lower timeframe reversal setups to long back towards 82K.
Yesterday’s imbalance was disrespected and flipped into resistance. I actually took a small scalp short there.
We also have a fresh 4H bearish imbalance around 80.7K. For scalpers, shorts can make sense here, but only after a proper trigger.
My final target is the 79.2K low. Risk/reward looks worth it for me.
Core PCE and GDP are coming out today too, so volatility could be exactly what we need.
Let’s see if the market gives us that sweep 👀
