Bitcoin
Long

BTC 8R Sell scenario.........

1 378
BTC is in downtrend in daily timeframe and shown sniper delivery, now it is in pullback mode. We may anticipate a good short term trade on hourly time frame around hourly FVG

1. HTF MSS is already done and price is reverting to FVG after BOS.
2. Daily quadrant cluster is also falling around FVG. Which is giving us some more critical levels of price reversal.
3. RSI has already shown bearish divergence on hourly TF.
4. Most probably price will take liquidity of FVG and create MSS/CISD/TS/iFVG in LTF.
5. Price should show rejection/reversal in respective LTF (5m/15m) at FVG zone.
6. Take the trade only once clear entry model i.e. turtle soup. iFVG break, CDS or MSS happens on LTF

All these combinations are signalling a high probability and ~8R trade scenario.

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Disclaimer – This analysis is just for education purpose not any trading suggestion. Please take the trade at your own risk and with the discussion with your financial advisor.

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