Observation with BTCUSD in scalp trading

May 21, 2021

A certain observation with BTCUSD

• On a 4Hr time frame draw all support & resistance area levels
  
• On a 15min time frame draw and observe trends up or down
  
• If a candle breaks out of the trend you can expect the trade to move in the opposite direction
  
• For example, if a long SELL candle breaks out of the trend lines , after the next 5-6 candles you can expect a reversal ie. a BUY movement
  
• If a short SELL candle breaks out of the trend lines , the size of the next candle determines the direction and size of movement
  Same for a BUY candle
  
• From the break out of trendlines, wait for TWO candles to form. The direction and the volume of the movement would be according to the size of the candle