So price finally broke both Symmetrical triangle and Descending triangle on the Daily chart.
Price is currently at the bottom of the upward channel on the Monthly and the Downward channel on Weekly / Dailly.
If you are following the 16k possibility called for October, that would put the price at the top of the upward channel for the end of October.
I have marked the futures expiry dates on the Daily with vertical dashed lines.
I have also marked the quarter ends on the monthly with the same lines.
I closed all longs when price broke the bottom of the box where another bounce from the descending triangle back into the symmetrical triangle was expected and opened shorts.
I have longs around 5900 marked with a horizontal line '3 MONTH waiting for retest'.
Will keep an eye on funding as even with the pumps I have been taking advantage of longs pay shorts on funding.
I may open long around 7300-7500, 6900 6400 depending on price action but in no rush at the moment
Price is currently at the bottom of the upward channel on the Monthly and the Downward channel on Weekly / Dailly.
If you are following the 16k possibility called for October, that would put the price at the top of the upward channel for the end of October.
I have marked the futures expiry dates on the Daily with vertical dashed lines.
I have also marked the quarter ends on the monthly with the same lines.
I closed all longs when price broke the bottom of the box where another bounce from the descending triangle back into the symmetrical triangle was expected and opened shorts.
I have longs around 5900 marked with a horizontal line '3 MONTH waiting for retest'.
Will keep an eye on funding as even with the pumps I have been taking advantage of longs pay shorts on funding.
I may open long around 7300-7500, 6900 6400 depending on price action but in no rush at the moment