Since current reteacement is a bit deeper than I expected, I also expect the last sweep to go bit deeper as well, so adjusting my entry at GP that is within 1H supply.
I closed my short fully. I will take SFP and ride into 1H supply where I will take short again towards new lows.
SupremeDelicacy
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$BTC
If the price takes out this low, but doesn't take liquidity from 3H demand zone and starts ranging above it, then I won't TP into 3H demand zone and I will wait for new lows to TP.
If the price takes out this low, but doesn't take liquidity from 3H demand zone and starts ranging above it, then I won't TP into 3H demand zone and I will wait for new lows to TP.
SupremeDelicacy
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$BTC
I moved my SL slightly above this 1H supply zone. Everything above has been efficient PA, so if that zone breaks it will likely slice through and I want to preserve my capital. It will be a very tiny loss. ~0.04R
I moved my SL slightly above this 1H supply zone. Everything above has been efficient PA, so if that zone breaks it will likely slice through and I want to preserve my capital. It will be a very tiny loss. ~0.04R
Shorted 50%, because on some charts it didn't sweep the high. SL above 4H demand.
Edit: I closed it for BE. Just saw that 4H supply has equal highs above it, so it's probably gonna sweep it. I'll just wait for final sweep and then enter.
Shorted 50%, because on some charts it didn't sweep the high. SL above 4H demand.
Edit: I closed it for BE. Just saw that 4H supply has equal highs above it, so it's probably gonna sweep it. I'll just wait for final sweep and then enter.
Scenario 2 where A = C. Entry at the 100% of wave A which is right in the middle of 2M demand zone. SL below it and TP at Equal Highs (122R+).
SupremeDelicacy
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$ADA
Loving this setup. 145R
There is a weekly break of structure. Entry is at top of the wick of the weekly demand zone and SL is below the wick of the same zone. Primary target is Equal Highs. Everything after is a bonus. Almost 5 years of bear market. 👀