The Bitcoin did a nice run today to the daily breakdown and the short impulse base.
Right now, the market is in between a daily breakdown and a H4 breakout - it's a trap for the buyers and the sellers.
I go long if there is a new wave above a daily trigger zone on H4 at least, but preferably a daily close above that area.
I go short below the H4 breakout.
Right now, the market is in between a daily breakdown and a H4 breakout - it's a trap for the buyers and the sellers.
I go long if there is a new wave above a daily trigger zone on H4 at least, but preferably a daily close above that area.
I go short below the H4 breakout.
Note
I mark the impulse base levels with the timeframe in orange, trigger zones with green and red, breakdowns/breakouts with dashed lines, and order blocks with solid lines, colored by timeframes.
Day trader capitalizing on the expansion phases of emerging trends.
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Day trader capitalizing on the expansion phases of emerging trends.
MORE CHARTS & FREE EDUCATION // coming soon
SUBSCRIBE 🚀 themarketflow.trading
MORE CHARTS & FREE EDUCATION // coming soon
SUBSCRIBE 🚀 themarketflow.trading
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.