OXTUSD Another big selloff occurred from $.36, so how many Bull creatures were able to escape? We see an engulfing bullish candle occurred at .786 retracement, so someone still has interest as it bounced 3 times in the region. If most of the selling has already occurred, I'm looking to see OXT bounce up in between fibs and resistance for a scalp play.
NOTE: Not trading advice. ENTERTAINMENT only.
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Looks like it wants to break down here... Hmmmmm. Note
Another defensive move made against the selloff at this level. Note
Movement!! Note
As as a precaution, if this retrace ends up stopping here at .382, then I'm out and watching to see if this butterfly pattern validates. Note
updated harmonic contrarian play if it barfs here. Note
I see this as a possibility if .28 is lost and a retracement begins. With BTC rising and crossing 10K, I don't believe this will get much attention unless news or better technical setup. Note
Time to run away, unless that W pattern plays out to the upside. Trade closed: target reached
Structure looks to be breaking down for another retest. Will update w/ a new post if OXT becomes a bullish play.
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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.