Price has been trading above a trendline(brick wall) creating clear higher highs and higher low
To suggest and confirm a bullish market
Price recently shot off of a key zone aggressively and is retracing completing the first two stages of price movement (push and retracement)
Due to the strong bullish sentiment in and around btc at the moment we cannot really clearly identify where price will pullback up to.
(Some people will argue,wait for price to come back to the trendline or keyzones!!! That is also fine.) but I’m taking the trade solely as a trend trade and as long as stoploss is below structure(keyzones ) I have a more probability of winning the trade.although the setup may suffer some drawdown. But if any sharp push to the upside occurs I wouldn’t miss it.
To suggest and confirm a bullish market
Price recently shot off of a key zone aggressively and is retracing completing the first two stages of price movement (push and retracement)
Due to the strong bullish sentiment in and around btc at the moment we cannot really clearly identify where price will pullback up to.
(Some people will argue,wait for price to come back to the trendline or keyzones!!! That is also fine.) but I’m taking the trade solely as a trend trade and as long as stoploss is below structure(keyzones ) I have a more probability of winning the trade.although the setup may suffer some drawdown. But if any sharp push to the upside occurs I wouldn’t miss it.