As BTC has grown over time, we are now forming a head-and-shoulders pattern, which suggests a potential correction. This correction could allow more people to enter the market. I expect the 30-minute candle to drop below 93,800 within the next few hours (3–4 hours). We are approaching an important trendline level from the past. There was a bounce from this level, but I am unsure how strong the buyers will be in the short term. On a swing basis, I expect a correction, and I am already in a trade.
עסקה פעילה
in the 5min time frame, the BTC looks a little bullish and I do not like like that because it is moving toward our stop loss
But we are forming a wedge and I believe the macro data is strong
הערה
One thing I have learned is not to be overconfident let the knife drop fully wait till the candle closes then enter the trade. There is nothing like to "LATE" to enter.
הערה
We saw upward movement which I was afraid of but we are building the bearish momentum on the 5-minute chart. I will wait and which see what happens. My short scenario has not changed yet.
עסקה סגורה: הגיע לסטופ
I believe in short-term but I have reached a stop because while analyzing I just focused on 4h and 30min.
What could I have done better?
Analyze the 5min time frame and
do not be emotional FOMO
Look at weekly S/R or daily S/R
הערה
We are currently at VWAP level and the daily S/R, If we break 98k than I am bearish
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.