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rrithe9
Jun 18, 2023 6:09 AM

BITCOIN BULLISH STRUCTURE 1 HOUR  Long

Bitcoin / U.S. dollarBitstamp

Description

This is BTCUDT 1 hour frame long position. As per my setup it has given a long entry breaking previous swing high and now that is acting as support. Targets are marked with yellow lines upside. The structure is simple with finding Demand & supply zone. I always prefer horizontal support as I do not find trendline useful my style of trading. The RR is always 1:5 + in every trade I take.

Trade closed: target reached

Booked full on 1 hour frame @30000. Yes I still do not have any sell signal on 5, 15, 1 hour however I would like to exit this position on psychological level.
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