Currently long BTC over short term momentum. Swing trading short and day trading long to cover my positions against momentum. I main fill level on BTC shorts is around 51,300 - 51,700. I'm looking to see this filling with a parabolic leg, giving us a smaller butterfly inside of the larger one. I think the market is laying a trap for the bears currently. Letting them sell into the slowing range, only to give a big liquidity spike later. Flush out the early sellers, entice the momentum chasing bulls - and then, once most people get the wrong side, the market does what the market does.
Comment:
Stop losses moved to 50,025. I think the parabolic is about to start but no matter what it should not really trade back down there if this setup is working. It should not let out the bears in lower.
Comment:
Full fill 51,700
