BTC - You Decide => We Follow!
BTC is currently stuck around the 40k zone. NOW WHAT? Here are the two scenarios where I will be looking for high probability buy setups: I call them War Zones. Scenario 1 - Purple : (Lower Zone Retest - 30k) I will be waiting for BTC to retest the lower bound of the range 30k (projection in red) to look for buy setups on lower timeframes. Scenario 2 - Orange : (Upper Zone Break & Retest - 40k) Or if BTC breaks above the upper bound of the range 40k (projection in blue), then I will be looking for buy setups on its retest. As per my trading style: As BTC approaches one of the circles, (orange or purple) I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...) Always follow your trading plan regarding entry, risk management, and trade management. What do you think? Which scenario is more likely to happen? All Strategies Are Good; If Managed Properly! ~Rich
0xsignals
BTC - You Decide => We Follow!
BTC is currently stuck around the 40k zone. NOW WHAT?
Here are the two scenarios where I will be looking for high probability buy setups:
I call them War Zones.
Scenario 1 - Purple : (Lower Zone Retest - 30k)
I will be waiting for BTC to retest the lower bound of the range 30k (projection in red) to look for buy setups on lower timeframes.
Scenario 2 - Orange : (Upper Zone Break & Retest - 40k)
Or if BTC breaks above the upper bound of the range 40k (projection in blue), then I will be looking for buy setups on its retest.
As per my trading style:
As BTC approaches one of the circles, (orange or purple) I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
What do you think? Which scenario is more likely to happen?
All Strategies Are Good; If Managed Properly!
~Rich
