BTC Long idea Based of Higher timeframe
Hello Everyone, just continuing from my yesterdays Idea but this time on a higher timeframe
"I believe BTC has respected a major Support around the 95k Levels which was an indication to me that the initial push down was just to grab liquidity before driving back up to continue the uptrend"
on the Higher timeframe (4h) we can see the Higher High was already created and i believe its after creating the Higher Low, the 4H closed as an inverted hammer after the initial push down and respected my support levels which is my indication price has a chance to push up and create a New Higher High
this is not financial advice, I'm just sharing my ideas along my trading journey,
feedback would be appreciated!!
"I believe BTC has respected a major Support around the 95k Levels which was an indication to me that the initial push down was just to grab liquidity before driving back up to continue the uptrend"
on the Higher timeframe (4h) we can see the Higher High was already created and i believe its after creating the Higher Low, the 4H closed as an inverted hammer after the initial push down and respected my support levels which is my indication price has a chance to push up and create a New Higher High
this is not financial advice, I'm just sharing my ideas along my trading journey,
feedback would be appreciated!!
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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.