BTCUSD LONG IDEA
After a massive weekend sell off, i think we are either seeing a relief rally or the market is moving up.
I'm still missing the last aggresive leg down, but maybe we don't get it. My orders in40-38k region have not been filled.
Here on the 4H chart, we can se a breaker order block (bearish order block where there was no resistance on the way up).
These are usually a good long opportunity, so the play is to wait for the price to dip into the grey box on the chart, confluencing with weekly open.
Good risk setup as well, stop loss under last swing low.
P.S. I'm using FTX exchange, which kind of made me stop using Binane and Kraken, could not recommend it enough.
Check FTT and SRM for longer term spot buys, Sam Bankman-Fried is an incredibly smart and successful quant trader in whom I truly believe
to make amazing projects.
If in need, here is my referral for FTX exchange: ftx.com/ (5% fee discount)
*not investment advice*
I'm still missing the last aggresive leg down, but maybe we don't get it. My orders in40-38k region have not been filled.
Here on the 4H chart, we can se a breaker order block (bearish order block where there was no resistance on the way up).
These are usually a good long opportunity, so the play is to wait for the price to dip into the grey box on the chart, confluencing with weekly open.
Good risk setup as well, stop loss under last swing low.
P.S. I'm using FTX exchange, which kind of made me stop using Binane and Kraken, could not recommend it enough.
Check FTT and SRM for longer term spot buys, Sam Bankman-Fried is an incredibly smart and successful quant trader in whom I truly believe
to make amazing projects.
If in need, here is my referral for FTX exchange: ftx.com/ (5% fee discount)
*not investment advice*
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