Plan $BTC date 27-11-2024

Nov 27

Market Trend: The market is still leaning towards an upward trend until the 89,000 level is broken.

Long Plan according to H3, H4:

H4 pattern is present.
Structure remains above 89k.
There is buying pressure in smaller time frames.
=> Wait for H1 confirmation: break the trend + retest higher support.

Nov 27

Trade active

LFG

Nov 28

Trade closed: target reached

People watching the clip might find it hard to understand, so here’s a summary:

The current wave is hitting levels h3 and h4. I’m holding a long position at 93kxx.

Now, I’m observing the m15 retracement wave. If it breaks through the support at 94.8k, I’ll exit the position and wait for the next signal.

If the price holds the support and there's buying pressure on the m15 timeframe (red zone), I’ll add more volume and move the stop loss below the newly formed m15 structure.

If the m15 retracement moves up but loses momentum and creates a lower high below 97k, I’ll exit half of my position.

Trading is all about creating a plan and seeing how the market behaves to follow that plan. That’s all