Long trade
30min TF Entry
Buyside trade
Thu 5th Dec 24
6.00 pm
NY to Tokyo Session PM
Entry 95900.23
Profit level 103214.31 (7.63%)
Stop level 95714.89 (0.19%)
RR 39.46
Reason: I initially anticipated that the Bitcoin would reach 100,000 on my previous buy-side trade attempt on December 4, 2024 (PM), but I was stopped out. However, observing Bitcoin’s strong momentum and breaking through the 100,000 barrier at this time gave me the conviction to enter another buy-side trade.
Trade active
15-minute Timeframe Overview and Thought Process:
Using the Wyckoff Phases to map out directional bias." for buyside trade idea
Trade closed: target reached
Stop level monitored
Note
Target reached (4.80%)
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.
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.