Let’s Analyze $BTC shall we???
$Btc is my favorite pair to analyze because of how beautiful the price action is.
I have this running trade on $Btc and here’s a breakdown on why I’m taking this trade.
Let’s dive in 👇🏻🧵
$Btc is my favorite pair to analyze because of how beautiful the price action is.
I have this running trade on $Btc and here’s a breakdown on why I’m taking this trade.
Let’s dive in 👇🏻🧵
Before doing any setup, I do a topdown analysis to be able to tell the overall market trend.
From there I can interpret the story the chart is showing me and know how to react where necessary.
From there I can interpret the story the chart is showing me and know how to react where necessary.
This is my Monthly timeframe range.
The weekly timeframe range.
So far price has tagged into the discount zone of the weekly timeframe. But has it done same for the monthly?🤔
The last reaction that formed a recent low was at the indecision candle, which served as a perfect reclaimed zone.
Daily timeframe range.
Price didn’t take out the previous low, so it should come for the high that formed the low.
Price didn’t take out the previous low, so it should come for the high that formed the low.
Here’s why.
4H range.
“The trend is your friend until it changes”
1H structure and a possible ride to $65k? 🤔
In conclusion.
There are two possible scenarios for $BTC.
There are two possible scenarios for $BTC.
I will love to know your thoughts about this pair. Are you seeing what I’m seeing?🤔
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