Potential for a Strong Bullish Move 📈
BTCUSDT
Based on current price action, I believe we may be heading into a significant bullish leg. Here’s why:
Bullish Arguments:
Previous Month Low (PML) is being disregarded.
Previous Month High (PMH) is being disregarded.
Previous Week Low (PWL) is being disregarded.
Previous Day Low (PDL) is being disregarded.
4H swing high is being ignored.
4H swing low is being disregarded.
The only bearish point to note:
Previous Week High (PWH) is still respected.
Trade Management: Once we hit the first Equal High (EQH) around 68K, I’ll move my Stop Loss to Break Even (BE) and manage the trade towards the final target.
BTCUSDT Based on current price action, I believe we may be heading into a significant bullish leg. Here’s why:
Bullish Arguments:
Previous Month Low (PML) is being disregarded.
Previous Month High (PMH) is being disregarded.
Previous Week Low (PWL) is being disregarded.
Previous Day Low (PDL) is being disregarded.
4H swing high is being ignored.
4H swing low is being disregarded.
The only bearish point to note:
Previous Week High (PWH) is still respected.
Trade Management: Once we hit the first Equal High (EQH) around 68K, I’ll move my Stop Loss to Break Even (BE) and manage the trade towards the final target.
Trade active
Time to take partial profits and let the profits ride. SL in BE. New ATH is on the way!Trade closed: target reached
Target reached that I forgot to update.
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Related publications
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.
💥 Explora mi viaje como trader: t.me/jaytradingmm
💰 Ideas detalladas y previsiones semanales
🎥 🗓️ Charlas en directo sobre los desafíos y aventuras del Trading
🏦 Exchange+ 20% cashback en fees: partner.bitget.com/bg/JaytraderCrew95
💰 Ideas detalladas y previsiones semanales
🎥 🗓️ Charlas en directo sobre los desafíos y aventuras del Trading
🏦 Exchange+ 20% cashback en fees: partner.bitget.com/bg/JaytraderCrew95
Related publications
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.