Trying to keep this one short:
BTC took the weekend highs, only entry was market in when getting back below the level. Which is usually how I trade, but I had ETH short already and was fine keeping it that way.
Now internal structure is at an important low:
- mark the last high (sweep high)
- mark the high before that, that got broken
- the low in between those would signal internal break if broken
now price is very weak, but we look for a low-hold to keep structure + price pushing into supply on futures open.
keeping it really tight, if we lose this internal structure, it's much more likely that we take the weekend lows as well, from where we can look for a new setup.
tp into the orderblock that preceded the breakdown, tp1 around first resistance at 84.5
BTC took the weekend highs, only entry was market in when getting back below the level. Which is usually how I trade, but I had ETH short already and was fine keeping it that way.
Now internal structure is at an important low:
- mark the last high (sweep high)
- mark the high before that, that got broken
- the low in between those would signal internal break if broken
now price is very weak, but we look for a low-hold to keep structure + price pushing into supply on futures open.
keeping it really tight, if we lose this internal structure, it's much more likely that we take the weekend lows as well, from where we can look for a new setup.
tp into the orderblock that preceded the breakdown, tp1 around first resistance at 84.5
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Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.