Bulls took control of price in the 60K level and gained about 4% from that level. Since our counter-trend formation was invalidated, i had to close the short from the previous session:
Right now we are at the high range of a high TF hight point and waiting for a resolution of a situation. Short term cosolidation is taking place on lower timeframes. Weekly close is near and we can expect some high volatility movement on the downside if price brakes below 1H-P-L.
Currently i am shorting at 61180 with a soft stop loss of close on 30M-1H above the 8H-P-H level. Hard stop is 63000 and target price is 58900.
Alt market is and crypto index is in the green as btc dominance is falling.
Right now we are at the high range of a high TF hight point and waiting for a resolution of a situation. Short term cosolidation is taking place on lower timeframes. Weekly close is near and we can expect some high volatility movement on the downside if price brakes below 1H-P-L.
Currently i am shorting at 61180 with a soft stop loss of close on 30M-1H above the 8H-P-H level. Hard stop is 63000 and target price is 58900.
Alt market is and crypto index is in the green as btc dominance is falling.
Actually it is 61860.