Bitcoin / TetherUS
Updated

Do you trade cryptos ?

533
As we all wait to hear about the validation or not for this Bitcoin ETF, I see for now two possibilities for our H1 Bitcoin structure (that I would quite like to trade ^^). So let's be a bit patient, it is possible for now that slowly a buy setup is in preparation (second chart) If it drops then we will go for a new correction ? (chart 1).
Note
snapshot
If do something like this we might consider it as buy setup. BUT let's be careful it's for now 50/50 between buy and sell...
Note
snapshot
Note
Let's go for a new structure
Note
snapshot If we stay under the line let's go with this sell setup. If it breaks the line then maybe for a new high ?
Note
snapshot
Just invalidate a potential sell setup, means we should go for this structure and for a new high. It quite a risky trade to take, let you deal with it ^^
Trade active
Order cancelled
Note
BE very fast on this one. And now it leaves an unclear structure, let's let it move a bit and see what can we take
Note
snapshot Expending for a drop ? Then we take scenario 1 from this morning...?
Note
And up we go ?
Trade active
Note
snapshot It could be something like this
Note
snapshot Or it could still be this structure I was showing yesterday. If that's it then we go straight for new high
Trade closed: target reached

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.