Price has closed below the CTL (counter trendline) on the final day of trading last week. The current bearish trend started in February and has most recently been in a potential corrective pattern where it retested and rejected 0.6200 We may now see a push from the sellers back towards major support at 0.6060 unless the current break below the CTL is a false break. Look for potential sell setups if they meet your strategy rules. This is an idea of what may happen. You should always trade with a well tested and profitable trading strategy.
in my opinion its a great short position, what do you think?
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Correction: * New leg lower Market seems to be accelerating to the downsides. I was ignoring the warning signs and entered a few poor quality setups so I lost probably around 2% from last week. I've had enough so I created a new rule where I can only enter picture perfect 5* setups in bad market environments like we are in now. Despite all this, I'm flat for the month and sitting on 100% cash, which is quite refreshing to see given the indexes lost quite a lot and we're probably heading lower. I need to remember that sitting on cash is an edge. We've been in a bad environment for over 120 days which is the longest consecutive one since 2015. I expect another leg lower but I think once we find bottom, we can see a really strong rally. Maybe that rally will only last 1-2 weeks and then the market rolls over and we continue the correction, but the momentum leaders with 99 RS ratings in that rally will likely go up 100%+ in short amount of time. And I will be prepared. For now, sitting and waiting.
i have been gone for a few days because i was at a friends house sorry but anyway the btc has followed one of my outcomes for it to possibly go down to 69k-71k and have a very bullish reversal possibly up to 120k though this is in the near future and i will update this tomorrow.
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### **? Bearish Daily Setup - BTC/USD** **Bias**: Bearish **Context**: Daily DR (Dealing Range) is broken, and price is rejecting premium level. --- ### ? **Narrative:** Price traded into a daily FVG (Fair Value Gap) near **premium zone**, then formed a lower high. The daily **DR (Dealing Range)** was broken to the downside, showing bearish intent. We also see rejection from a marked supply area (pink zone), confirming seller presence. --- ### ? **Entry:** Sell entry around **84,600** (near retest of daily FVG & imbalance zone) --- ### ? **Targets:** - **TP1**: 76,555 (Recent low / liquidity pool) - **TP2**: 74,000 (Clean imbalance area) - **TP3**: 73,383 (Final liquidity draw) --- ### ? **Stop Loss:** Above recent high / supply zone **SL**: 88,762 --- ### ? **RRR**: Approx. **1:4** (Excellent reward-to-risk) --- ### ? **Extra Confluences:** - Daily FVG (imbalance) filled and rejected - Supply zone respected - DR broken - Momentum shifted bearish
After breaking below the lower edge of the range, the medium-term trend of crude oil has been continuously moving in a secondary oscillation around low levels. In terms of momentum, neither the bullish nor bearish momentum has significantly overwhelmed the other, and there has been no continuation of the bullish trend. Regarding the support level, we should first consider the 68.5 mark, which was an important resistance level that the oil price previously broke through. For tomorrow's trading operations, it is advisable to mainly consider selling at highs. USOIL Trading Strategy: Sell@70-70.5 TP:69-68.5 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
Bullish strong momentum still appear , she will up to 3200. disclaimer , please take care
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