BTC Possible Breakdown

3 jul

BTC is breaking out of a symmetrical triangle, and is tested an observed fib around 60550.
If it breaks down, I'm eyeing 56k.
If it can find support, 66k would be my target to the upside, but only if it's able to get over ~61500.

It looks bearish to me, I'm trying to find a short to hold here, I don't think that this will hold based on the recent macro prints.

3 jul

Nota

I have a short at 60500ish. Look okay to me. Session vwap was poked with some gap fills, the fib is holding as resistance.

4 jul

Nota

Proximity to target reached, I took profit 57k, and flipped back to trade to 60k vwap on high tf with lots of room to test support (3:1)

4 jul

Nota

I closed the long half for now. No trades. This idea is done for the moment.
2/2, 5/5 positions green this week. Eat dust!

5 jul

Nota

damn, it broke the 56k line. over 11% down
This was the biggest liquidation event since the FTX collapse.