In today's session, we’ll analyze Bitcoin from a top-down perspective and assess the data to identify potential trade opportunities. 📉📈
📌 Key Approach:
Until Bitcoin breaks out of its current range, we will:
✅ Focus on long trades from discounted (lower) prices.
✅ Look for short trades from premium (higher) prices.
✅ Monitor internal structure for trade confirmations.
🔄 Trade Confirmations:
🔹 Bullish Setup: We want to see a shift from lower highs and lower lows to higher highs and higher lows before entering a long position.
🔹 Bearish Setup: We look for the opposite— a transition from higher highs and higher lows to lower highs and lower lows before shorting.
🛑 Beginner Tip: If you're new to trading, wait for a clear 10-minute or higher structure shift before considering a trade. This helps reduce false signals and improves entry accuracy. ⏳✅
📌 Key Approach:
Until Bitcoin breaks out of its current range, we will:
✅ Focus on long trades from discounted (lower) prices.
✅ Look for short trades from premium (higher) prices.
✅ Monitor internal structure for trade confirmations.
🔄 Trade Confirmations:
🔹 Bullish Setup: We want to see a shift from lower highs and lower lows to higher highs and higher lows before entering a long position.
🔹 Bearish Setup: We look for the opposite— a transition from higher highs and higher lows to lower highs and lower lows before shorting.
🛑 Beginner Tip: If you're new to trading, wait for a clear 10-minute or higher structure shift before considering a trade. This helps reduce false signals and improves entry accuracy. ⏳✅
🎯BOOK 121 TRAINING MASTERCLASS: tradejournal.co.uk/book-1-to-1-master-class/
🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
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.
🎯BOOK 121 TRAINING MASTERCLASS: tradejournal.co.uk/book-1-to-1-master-class/
🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
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.