BTC short
Updated
Simple 5m testing of BTC levels
Thesis:
Found the 15 minute supply zone where we consolidated mid nuke, idea was that people longed there and would close their for BE, causing a rejection. Idea was indeed correct as we corrected TWICE back down to range/low demand zone.
Confluence: h4, h1, 15m all were downtrending which gave me bias (under their respective EMA trends)
What I learned:
It takes time for your ideas to resolve so be patient & its crucial to consider where liquidity rests & how other market participants are likely to behave at certain levels.
Thesis:
Found the 15 minute supply zone where we consolidated mid nuke, idea was that people longed there and would close their for BE, causing a rejection. Idea was indeed correct as we corrected TWICE back down to range/low demand zone.
Confluence: h4, h1, 15m all were downtrending which gave me bias (under their respective EMA trends)
What I learned:
It takes time for your ideas to resolve so be patient & its crucial to consider where liquidity rests & how other market participants are likely to behave at certain levels.
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updat xx
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