[BTC] What now?, 24.2.18

Hi All, Crypto sludge here.

BTC have continued to stay inside my no trade zone 9500$-10500$ area most of the day, starting with that big 1k$ dip in the morning to 9505$ missing my stop loss by 5$! :D

As i said, until BTC doesn't get out of this zone, i don't do much. And just as I sat down to write this post, it broke the 9500 after forming a triple bottom which is usually a reversal sign, talk about karma :)

So what now?

I am actually looking a play of a big inverse head and shoulders pattern, we are currently in the downtrend of the right shoulder, and with how important fib levels were so far, i am aiming at ~8800$ area (the 0.5fib level) as the bottom of this move and a reversal point.

Once we hit that, i think it will be a good place for a re-entry unless something else happens, i will continue to update you all on my trading ideas. I have been stopped out @9500 and i am now in cash waiting to re-enter.

Would love to hear your thoughts and trading ideas.

Stay Strong.

Trade ON!

Crypto Sludge