Good evening gang…
On route to mother’s as mini Market makers mother has the virus…gotta make haste…protect mini Market maker at all costs.
Since I’ve been away from the charts…
Bitcoin has done it…the break away from the level 2 zone and formed what appears to be the level 3…
Again…low volume….bank Holiday….if you capitalised on this happy days. If you were playing shorts, decisions need to be made. This would be the third rise…do you hold on the assumption that they will retrace back down? What if they extend further?
The principle is this….although we have moved higher…50 has yet broken through the 800…is this the final pump?
What you want to ask yourself is, are Traders at euphoric points yet?
On the 1hr chart…Notice the number 3!!! For every push up and vreak of a level it’s done on a big green Vector….
Before the days end…price will need to stay as fsr as it can above the 800…failing to do so will see a retracement starting to develop….then this is where FTD will come into play.
Will send you a video later this evening
Closed my shorts once the blue Vector got recovered…I had doubled up to recover the loss of my entry, risky play, but we pay to play, we pay to learn..
Mad love
T.
