BTC (Y25.P1.E1).A few setupsHi Traders,
Returned from a 6 week break and now my thoughts on BTC.
Some time back I stated I would not be surprised if BTC ranges for some time before making new highs.
I still feel that we are in this channel with a corrective pattern of some sort.
The vwap and some levels of significance with fibs tends to make me believe we will sill hit the lows with a potential rejection here (no trade entry). But the wedge structure could make it hit its target at teh 618 fib for a short entry (like a fake out) and then drop.
The blue and red a vwaps from different pivot points.
We look for the response with our 2 methods. SFP or FA.
We go into detail at the time, for a trade entry. At times we miss out because we are not online.
All the best,
S.SAri
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