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A good case to be a seller if the location is spot on. For me, it's a good case to be a buyer. But, not up here; for me, I would look to be a buyer at previously fair prices. I miss out sometimes because of this, but for me I will not pay up for the privilege when the market is in balance mode above value, as opposed to strong imbalance to the upside.
Can you explain why this makes it a short? I was thinking that if you have a gap up open above bracket hi then first hypothesis should be look to go long. I am new though so not sure.
Just going to sit back and let my runner do its job
ETH vwap will tell the story now
My runner target will depend on what happens now were in value
But if we accept were back in this bracket now.....who knows. Could possibly see the lower end
Lets see how the next few periods play out
All i know is sellers responded nicley here so far
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Value was established the last 4 days and now were above it (value lower...price higher......value is a magnet in a balance market)
Buyers did not respond at the open...sellers did
Just because we gap up does not mean buy.......if buyers are responding and were rejecting developing value then yes. But this was clearly not the case on this open
Also does not mean were going to continue to sell all day
Buyers might come in at ETH wvap here and we could see new highs.....just read market generated info and go with the order flow and manage risk
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"