We were short from 1346 back to 1245-1228 range for a quick 100 point win but then reversed here according to the plan
(top left) - we were looking for a wipe-out to 1286 and hena bounce back to the line above it on chart and then the big
collapse. It went OK, but the low at this point was 1274 (so stops which were way too tight in a crazy fast market were
hit for a 5 to 20 point loss and we missed a great trade back on the rebound as it duly whipsawed back up to 1349-1367 range
with a great of rejection appearing as it attempted to break free of the parallel that still holds it back now - a clue that
this is still unloved right now...so with TV down and no way of uploading we had a second chance there to short again...what
a night for TV uploads to explode. This is so technically near-perfect (the new downtrend contained within the parallels is
hardly perfect, but still feels right (but we know it's can be violated on upside and not be trustworthy, so not perfect
here for sure)...will it stay that way for the finale?
BTC still doesn't look finished on the downside yet. It's about to hit the upper parallel and can reach 1300 where it becomes
a sell again, looking for the final flush out back to 1178 to 1123 range. Look to get long again in this range if struck later.
Will likely be hectic and full of whipsaw potentially, nevertheless brave the storm and look to get long as low down
as possibe in this range. Can set buy orders now, rather than in heat of battle, if it comes as expected to. Spread them
across the range from 1178 down to 1123 with all stops below 1100. if not all struck be ready to add on break of upper
parallel once the lows have been struck.
Cannot trust a break above this upper paarllel that controls upside as we can see it's been broken through but never
survived a retest, but still believe it will hold back this rally at 1299. Sell from here with stops 10 points plus above the
parallel and look to buy back later, as above.