BTCUSD Playouts
This is how I'm looking at BTC at the moment.
Overall market structure Still bullish but hasn’t had a proper pullback since it took off from 4K (Zoom out).
Had a perfect head and shoulders (reversal pattern) at the peak and Currently sitting between 23 and 38.2% fibs (long term).
Tested 10k for over a week now with big wicks to the downside. If it cracks above 10.5k I’d expect a nice little run up to the 61.8% fibs (11.2k) before deciding where to go from there.
If it rejects at 61.8% fibs (short term) and continues creating negative market structure and drops past 10k, then 9k lines up pretty nice with the 38.2% fibs (long term) which I’ll consider setting long orders depending on candle stick analysis. If that doesn’t hold I’ll look for entries at 50 and 61.8% (long term) depending on market structure.
Trade at your own risk.
Overall market structure Still bullish but hasn’t had a proper pullback since it took off from 4K (Zoom out).
Had a perfect head and shoulders (reversal pattern) at the peak and Currently sitting between 23 and 38.2% fibs (long term).
Tested 10k for over a week now with big wicks to the downside. If it cracks above 10.5k I’d expect a nice little run up to the 61.8% fibs (11.2k) before deciding where to go from there.
If it rejects at 61.8% fibs (short term) and continues creating negative market structure and drops past 10k, then 9k lines up pretty nice with the 38.2% fibs (long term) which I’ll consider setting long orders depending on candle stick analysis. If that doesn’t hold I’ll look for entries at 50 and 61.8% (long term) depending on market structure.
Trade at your own risk.
כתב ויתור
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.
כתב ויתור
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.