The week could start red, not not sure it'll last
2025-01-27
Category: None

Weekend triangle pattern formed the 4hr.

I expected a Monday breakout to the upside with price action triggering long positions then liquidating them on the way to the  GETTEX:97K  region.

The reverse could also happen. Breakout to the downside, trigger shorts, then at LSE open on Monday, price reversal, liquidating shorts while rallying towards $112k.

On the back of Trump signing crypto related executive orders, it might be assumed bullish news.

It might have no effect, trigger longs and shorts, liquidate both sides, then trade sideways for the first half of the week.

Note to self: 1) Keep your stops tight or (2) sit this one out until direction confirmed (3) run a neutral bot in the meantime.