Hello fellow steemians and traders!
I have a lot of other obligations today, so this is going to be a very quick update.
I have 3 levels to the upside and 3 to the downside marked out on the charts. Furthermore, I personally put alarms at these levels and wait for reactions. These are intraday trade opportunities that are not meant for holding on to for long periods of time. I would expect small reactions off of these levels. I do not expect price to pass the 'liquidity grab area'.
Probabilities would lend me to believe we will go up to the .618 retracement area and head back down at least to the point of control(POC). But, it might not even pass the value area top.
To the downside, a break below the 3-month value area low would present one of 3 scenarios:
- A weak move would get a reaction at the daily level back up to the point of control.
- A stronger move would reach the 17k level and maybe see a fake out and then short squeeze.
- A huge dump with a lot of volume blowing right through these levels down to 14k
Soon I will be explaining all aspects of trading through Dtube videos, stay tuned...
Have a great day of trading.
KryptoKino, over and out!