CountOnCrypto - Bitcoin Swing Trade - 17/04/2023
Updated
Swing Failure Pattern of the market structure high. I would still consider the market structure bullish on the MTF-HTF as we've found support at the old market structure high which was flipped from resistance to support then had an SFP with a lot of shorts opening between here and when we lost the 30k psychological support.
Target is based off the liquidity at 30.8k. Stoploss below the low as that's a clear invalidation on the basis of the SFP and market structure! Lovely swing trade setup for me.
Target is based off the liquidity at 30.8k. Stoploss below the low as that's a clear invalidation on the basis of the SFP and market structure! Lovely swing trade setup for me.
Trade active
Stopped out, where we saw a second SFP so I longed again with my stop loss below the low.
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