Bitcoin is currently trading within a discounted range following a corrective move, with price reacting around prior demand zones. I’m looking for long opportunities from the lower buy areas highlighted, where liquidity has been taken and market structure suggests a potential reversal.
The expectation is for price to form a base and expand higher into the mid-range, with an initial move toward the sell zone and possible continuation into the upper liquidity and take-profit area.
Trade Plan
• Bias: Long
• Entry Zone: Lower buy zones as marked
• Stop Loss 1: 84,500
• Stop Loss 2: H4 swing low
• Targets: Mid-range sell zone, then higher resistance / liquidity area
Execution is preferred with lower-timeframe confirmation. A clean break and close below the H4 low would invalidate the long idea.
The expectation is for price to form a base and expand higher into the mid-range, with an initial move toward the sell zone and possible continuation into the upper liquidity and take-profit area.
Trade Plan
• Bias: Long
• Entry Zone: Lower buy zones as marked
• Stop Loss 1: 84,500
• Stop Loss 2: H4 swing low
• Targets: Mid-range sell zone, then higher resistance / liquidity area
Execution is preferred with lower-timeframe confirmation. A clean break and close below the H4 low would invalidate the long idea.
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.