BTC tapped our short-POI and shows a pullback. If you took the short, I suggest you take some profits of the table and go BE. For potential trades today I'm looking at a few scenario's here. I'm bearish overall and we got a nice reaction from the POI I was talking about for a week now. But does that mean the 68.1K high is off the table as a target? No, so that's why going BE + take profit here is proper risk management. The sweep of 68.1K would be the best case for shorts, so I'm willing to long the reaction after the sweep of the 65K lows. So basically the plan comes down to this: letting the current short run with a potential hedge-long after the sweep of 65K lows. If we go up from here the first short will be stopped in little profits and I'll look for another entry after the sweep op 68.1K. If we dump aggressively and get no reaction in the sub. 65K area, I'll simply let the short run for the rest of the day. If you have a system around scalping you could look for an aggressive continuation-short after losing the 65K area. Overall good volatility this week.(Lennaert Snyder)