BitcoinLong
Bitcoin 1D Swing Trade Setup
- Bitcoin is currently trading at 62,826$
- Bitcoin showed us an impulsive move yesterday where we saw BTC jumping from 59-63k straight
- Bitcoin in this impulsive move had made a Fair Value Gap on a daily chart
- For a Market Structure shift BTC needs to flip and make a weekly close above 66,598$
- If you are looking to build less leveraged longs then focus at 61,354$
- Market Structure will flip bearish once we see a weekly close below 58,000$
- If we look at the lows made recently BTC is still intact with a lower high structure the lows are also getting bought back impulsively
- Manage risk properly that's the ultimate mantra
- Bitcoin showed us an impulsive move yesterday where we saw BTC jumping from 59-63k straight
- Bitcoin in this impulsive move had made a Fair Value Gap on a daily chart
- For a Market Structure shift BTC needs to flip and make a weekly close above 66,598$
- If you are looking to build less leveraged longs then focus at 61,354$
- Market Structure will flip bearish once we see a weekly close below 58,000$
- If we look at the lows made recently BTC is still intact with a lower high structure the lows are also getting bought back impulsively
- Manage risk properly that's the ultimate mantra
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.