ETH was leading the move to sweep the lows, and it did.
Now that both BTC and ETH have cleared liquidity below the previous lows, we have new setups, depending on the confirmations at key S/R levels.
⚠️ These setups are based on a bounce scenario toward the SSL. Setups become invalid if the market drops further toward the lower Pivot areas. When that happens, a new update will follow.
BTC: (When support confirmed above SSL)
- Entry around SSL ~103540
- tp1 ~104900
- tp2 ~106200
- close ~108200
- stop depends on previous low when support confirmed above SSL
BTC: (When SSL is rejected and confirmed)
- DCA around SSL ~103500-102500
- tp1 ~100600
- tp2 ~98900
- close ~104800
Note: Don't forget to take partial profits on the way to secure your trade.
Now that both BTC and ETH have cleared liquidity below the previous lows, we have new setups, depending on the confirmations at key S/R levels.
⚠️ These setups are based on a bounce scenario toward the SSL. Setups become invalid if the market drops further toward the lower Pivot areas. When that happens, a new update will follow.
BTC: (When support confirmed above SSL)
- Entry around SSL ~103540
- tp1 ~104900
- tp2 ~106200
- close ~108200
- stop depends on previous low when support confirmed above SSL
BTC: (When SSL is rejected and confirmed)
- DCA around SSL ~103500-102500
- tp1 ~100600
- tp2 ~98900
- close ~104800
Note: Don't forget to take partial profits on the way to secure your trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.