DXY dropped loweryesterday and currently heading back for the lows.
IF we get a clean reclaim and start pushing higher we should expected the 'top' to form for the crypto market.
Ideally we would want to see such a move higher simply based on market structure. A clean reclaim would lead to a lot of liquidity on the current choppy cryptos - a great bunch of liquidity to slash through later in the year.
With my 4 years trading experience and the many more to come , I would expect us to get a clean reclaim and eventually push higher. Merely based on market psychology and the love the market has in trapping people - like OP trapped us this week (naughty OP). You now understand why I was willing to take the OP short (linked) with such a tight invalidation.
IF we get the expected move shorts should play out nicely both in crypto and FX.
Do not get front ran and wait for pa to give us confirmation if you are not comfortable with fast moving pa and tight sl.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
IF we get a clean reclaim and start pushing higher we should expected the 'top' to form for the crypto market.
Ideally we would want to see such a move higher simply based on market structure. A clean reclaim would lead to a lot of liquidity on the current choppy cryptos - a great bunch of liquidity to slash through later in the year.
With my 4 years trading experience and the many more to come , I would expect us to get a clean reclaim and eventually push higher. Merely based on market psychology and the love the market has in trapping people - like OP trapped us this week (naughty OP). You now understand why I was willing to take the OP short (linked) with such a tight invalidation.
IF we get the expected move shorts should play out nicely both in crypto and FX.
Do not get front ran and wait for pa to give us confirmation if you are not comfortable with fast moving pa and tight sl.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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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.
Related publications
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.