Idea: Short
Conviction Medium
Bitcoin rejected off its highs on the daily timeframe and is currently stalling from the golden pocket fib retracement level. There are many equal lows and a daily FVG gap below which I think could be a magnet for price. Entry condition is a sweep of last week's high, stop loss at the range high.TP targets are the equal lows and daily FVG shown on the chart.
Conviction Medium
Bitcoin rejected off its highs on the daily timeframe and is currently stalling from the golden pocket fib retracement level. There are many equal lows and a daily FVG gap below which I think could be a magnet for price. Entry condition is a sweep of last week's high, stop loss at the range high.TP targets are the equal lows and daily FVG shown on the chart.
Order cancelled
The idea wasn't bad, but it looks like we might not get our entry. If price continues down to fill the D1 FVG, I'd switch to consider short term longs.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.