Good morning TradingView!
I've decided that my goal this week is to take a step back and look at the bigger picture instead of scalping the 5 min.
From now on I'm going to aim to do a bi-weekly Bitcoin analysis.
With the red lines representing the daily and orange the 4hr.
What I'll be looking for in terms of trades (still, I trade the low time frame so possibly/probably different to what your setups should be)
1. A rejection of the horizontal resistance (scalp down)
2. A break of the daily local support (dashed line break. scalp down)
3. A break and a retest of horizontal resistance (scalp up)
I've decided that my goal this week is to take a step back and look at the bigger picture instead of scalping the 5 min.
From now on I'm going to aim to do a bi-weekly Bitcoin analysis.
With the red lines representing the daily and orange the 4hr.
- We are clearly in upwards channel (possible bear flag)
- We have just broken the sloping resistance to the upside on the 4 hour.
- We have sufficient sloping support below us to.
- We are however in a channel of vertical resistance/support (orange boxes)
What I'll be looking for in terms of trades (still, I trade the low time frame so possibly/probably different to what your setups should be)
1. A rejection of the horizontal resistance (scalp down)
2. A break of the daily local support (dashed line break. scalp down)
3. A break and a retest of horizontal resistance (scalp up)
Nota
Rejected as expected took trade idea 1
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.