Helical_Trades

BTC/USD : Possible similarities !

COINBASE:BTCUSD   Bitcoin
BTCUSD
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !

Here we have the macro trading zone into the micro TF the trading zone is located on $44500 - $34500.
This is our primed zone for now; But today we'll head into dipper movements caused by similar fractals !

- First, take a look on our astrological time line first. Based on the data we have, There's a time-line appeared around 7th March.
So we'll use it as an advantage compared to the fractal we have.

📚 Let's head to our technical and classical analysis before the fractal :
There's a formed Flat-Top triangle ( ascending triangle ) which is leading the pair into our local S/R zone/line at $39650.
So we have the bullish support from the lower trendline and the bearish resistance at $39650.

- If we get the break-out above the S/R zone, $BTC will enter the no-trade zone, and so it's not an ideal think to take aggressive LONG after break-out.

To becoming bullish again ( into micro TF ) we need that break-out confirmation above $40600's bearish order-block.
📌 As you can see, Aggressive bullish candles are all located above $40600 and between it and $39600 there's a neutral base.
So it's good to mention again, It's not an ideal think to take LONG into this zone !

- If we get the rejection below the trendline, $BTC will dive to $38000's bullish order-blocks; Also we can call it as a bullish base cause there're lots of order-block located into the mentioned zone.
I would located my SHORT below the order-block to make sure that there won't be anymore possible chance to pullback above $40600's bearish breaker !
📌 As you can see, There're couple of bullish candle laddered from $34500 to $39650 very aggressively; So there won't be anymore threat for bears after breaking below the mentioned support zone.
So we'll locate our SHORTs below the blue support zone and aim for range's low and $29000's support !

📊 The trading plans should be something like this :
🔴 Be cautious that the Stop-Losses are based on active management, So you need to wait for a confirmation below/above the mentioned SL to cut your losses !
- Also to mention that it's better to have your personal targets engaged with the position...


📚 We talked enough about classical options, Now let's head to our fractal's scenario :
There's a similar formation from early Feb's movement with current structure !
Also with the possible pivotal line we have; This bearish scenario can make the wave more clear for us.
Based on the fractal we have, It's very possible for $BTC to make it's path below the range's low.


📑 Conclusion :
There's a formed triangle and the there're some similarities with early Feb's movement.
We'll split our position into two scenarios;
- Take LONG above $406000
- Take SHORT below $38000
Both have active management based strategy !
- Based on our fractal and astrological possible pivot line, Any break below the trendline will clear the path for bears to made their owns below the range's low !

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Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
@Helical_Trades

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