BTC LONG
BTC showing bullish momentum on LTF , early London session we seen the manipulation occur with the run on stops and into Newyork price rallied and broke market structure giving us our first to steps of our trade plan.
1- Run on liquidity (EQL)
2- Break in market structure to the upside
3- Retest of the order block that caused the BMS (PRICE NEEDS TO HOLD THE OB AND SEE STRONG REJECTION)
Looking for BTC to hold Monday's low and make a higher low within today range , ive placed the fib for reference to price any bullish PA again on LTF we can go long.
Order block at 50% $40040 is option 1 but have you stop below the low 39k
Option 2 we wait for a retest $39280 (The order block that caused the initial BMS) and the swing low formed Newyork session.
1- Run on liquidity (EQL)
2- Break in market structure to the upside
3- Retest of the order block that caused the BMS (PRICE NEEDS TO HOLD THE OB AND SEE STRONG REJECTION)
Looking for BTC to hold Monday's low and make a higher low within today range , ive placed the fib for reference to price any bullish PA again on LTF we can go long.
Order block at 50% $40040 is option 1 but have you stop below the low 39k
Option 2 we wait for a retest $39280 (The order block that caused the initial BMS) and the swing low formed Newyork session.
Penafian
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