GM somewhere!
Home from work, no pullback to play so far, Thursday, Friday, Saturday are my work week so it's going to be difficult to get into a trade.
Watching this consolidation tonight and waiting to see what happens on New York open, BOE raised rates more aggressively than expected so it'll be interesting to see how the market reacts to that tonight. Quite a bit of de-risking across all markets on that news, alts especially taking some big drawdowns after the news came out. US dollar has been up since. Interesting spot right now.
Just being patient here, the time to ape was definitely yesterday!
There's two area's I'm looking at for potential pullbacks.
29400, basically a consolidation inside the daily OB before continuation.
OR
28400, a retest of the range we spent the last month in, this also lines up with the 4HR 20 SMA which has been a pretty good place to buy on larger throwbacks in strong uptrends. Since the 4HR 20 SMA is also in a strong uptrend, we need to monitor where it is relative to price on each 4HR close.
If we swing the 31k high and reject strongly I'll look to short back into 28400 if possible, ie. not at work or asleep.
Otherwise just looking for that pullback to get long.
I will try to analyse some alts tonight and tomorrow morning for potential setups and share them.
On Sundays I review my trades for the week and I will be sharing these on Hive. I'll be deep diving into my trades, what went wrong, what went right, my thoughts and emotions, before, during and after and what my analysis of those is. Finishing up with what I will be looking to do differently moving forward.
Hope some of you have made some good coin on this move this week!
