We have gaps littering the CME chart. This is perhaps going to be a wild ride in either ways. I was checking today and I saw that we have a gap at 8840USD on 26th May, 2020, at 7630 on April 26, 2020

![image.png](https://images.hive.blog/DQmdFtUMkytgsccREPXNpDSCpciRL88xGtS44ENBBfX7aYV/image.png)

https://www.tradingview.com/x/oC53tMfo/
26th May gap.

![image.png](https://images.hive.blog/DQmXA7VKAtR6LLXfZXcNomyJPVztSRarCD5oCGKWpc485NT/image.png)

https://www.tradingview.com/x/cYkp4veP/
26th April gap

With the last 24 hr price action we now have lots of gaps to either be filled or ignored

![image.png](https://images.hive.blog/DQmfR33E5mXbpkcwKnKbygbNGjGpcPYoHyayGNbsMmAizhP/image.png)

https://www.tradingview.com/x/pBBifBRk/

Also, there is a new theory by @mrbiyi in which he said Thursday is always volatile. I will keep this in mind. Today Thursday has had some dump to 8995USD. 

This is my entry for the 100DAYSOFTA challenge, Thursday 24th  June 2020.
>__
I am joining a challenge by a group of traders. The challenge is #100DAYSOFTA. Some of the people in this group have posted on $Youtube, $Twitter but I will be posting mine on Hive.
The convener of this challenge is https://twitter.com/CryptoluXP
However, the frequency might not be daily but it will be sequential.
Having said that, here is what I have:
__

4 hr
We got that dump we have been foretold by ST. As you can see if you follow my blog and daily posting. The ST on this TF fired a short and the best time to short it, is when it touches the resistance. This is what I wrote and showed in my previous posts. ST is still short and Willy is now oversold but trying to recover now to the upside. Note: Willy can extend for long at this range while price keeps dumping. The fact that Willy is turning upward doesnt necessarily mean it should pump.

![image.png](https://images.hive.blog/DQmeobCdvnvDjVv1F3D6FEiHN9djtmcpji5GXTsaq2xyZPM/image.png)

https://www.tradingview.com/x/LFoixKqR/

1h
Look on this TF we have a short in force. But the price is turning up. We either have a rally upward of side ways movement. For scalpers, this TF can help, since they can catch a movement fast enough. Also, I watch lower TF for movements in the larger TF. I look for double bottom to initiate an upward movement. 
ST is short and the Willy already crossed to indicate an upward movement. This means we can see some fireworks in btc price movement.

![image.png](https://images.hive.blog/DQmP5u96WrmAuZnrvnVW1NwHm9GFuPRmT4Lbsx3h8gwXLfM/image.png)

https://www.tradingview.com/x/48wBPMEr/ 

30 mins
The price action on this TF is now recovering fast. However, do we see that translates to a long on ST? We still have a short on this TF, this means that we should lookout for a good chance to short and put stop loss. Willy is also going to the overbought region with some resistance along the way. We should experience good price action to the weekend, in either direction.

![image.png](https://images.hive.blog/DQmeLobYyRC1ognbNHBrMAmMYMzoxTF2MMce2ANahU5UdW4/image.png)

https://www.tradingview.com/x/i7ZGCwwX/


##### My Position
I am flat, meaning that ST is not giving a go-ahead to make any high confidence trade. I might do some scalping on lower timeframes, but on my avatar-4hr, I have no trade to share.

However, on yesterday's position, take profit was hit.

![image.png](https://images.hive.blog/DQmSoeHNEr23mx6ZbzxbKRQiSVL9uENrpVtM4Pk5G6XrFui/image.png)

This is what I wrote yesterday:
>I have thesame unchanged position. 
>My shorts were filled and now I have to some orders above the 4hr ST resistance, incase we wick up. I am thinking of adjusting the take profit upwards, due to the price action in the past days. I will be looking at the Fibonnaci retracement 0.618 value to use at TP. 

![image.png](https://images.hive.blog/DQmNbEWxran5pRMC6fvq2q85d2Cdj2SgDaf36yf5hEtxXiD/image.png)

>This is the R:R.


>![image.png](https://images.hive.blog/DQmduiSuKdWmTh9Z6cQcJ2evjtbFWCQB15dx43tLQ5VT7Vi/image.png)

https://www.tradingview.com/x/ULadKljK/
### Best of luck in your trades.

Posted Using [LeoFinance](https://leofinance.io/@turpsy/btcusd-position-strategy-day-16-of-100daysofta-the-dump)