Long

BTCUSD Correction for Long

Updated

As expected, BTC needs to dump off for a major correction back to the H4 level for a high probability low risk entry. We will wait to see clear rejection at the zone before a long trade is executed

Note

We had twice H1 candle exactly on the H1 spike base. More rejection wicks will trigger the long trade. H1 #closesmatter

Note

Note

The chart gets vertical and cranking down, No clear rejection and we are staying out, overall the levels are reacting but we need patience to get the perfect setup

Note

No clear sign of rejections and the BTC chart continue to go vertical, Next train stop is 4110xx level, first time return of price if we see clear rejection signs there.

Note

We are close to the anticipated level, lets see if we get some rejections here.

confama

Also on:

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.