Bitcoin Merry Christmas 25.12.2024

1. Short Strategy - From the Supply Zone
Entry Conditions:
Wait for the price to retest the supply zone (99,550 - 99,600) and show signs of reversal, such as:
Rejection candles (e.g., pin bars).
Reversal patterns (e.g., bearish engulfing, Evening Star).
Trade Setup:
Entry Point: Near 99,550 - 99,600 (supply zone).
Stop Loss (SL): Above the supply zone, around 99,700.
Take Profit (TP):
TP1: Demand H1 zone (96,000).
TP2: Larger demand zone (92,500).
Risk/Reward Ratio (RR):
TP1: Approximately 1:3.
TP2: Up to 1:6.
2. Long Strategy - From the Demand Zones
Entry Conditions:
Wait for the price to reach the Demand H1 zone (95,500 - 96,000) or the larger demand zone (92,500 - 93,000).
Look for reversal signs, such as:
Rejection candles (e.g., pin bars).
Reversal patterns (e.g., bullish engulfing, Morning Star).
Trade Setup:
Entry Point: Near 96,000 (Demand H1) or 92,500 (larger demand zone).
Stop Loss (SL): Below the demand zones:
Demand H1: Around 94,500.
Larger Demand Zone: Around 91,500.
Take Profit (TP):
TP1: Mid-level around 97,500.
TP2: Supply zone (99,500).
Risk/Reward Ratio (RR):
TP1: Approximately 1:3.
TP2: Up to 1:5.
Important Notes:
Avoid trading in the middle of the supply and demand zones, as it increases risk.
Use lower timeframes (M15 or M5) to confirm entry signals at key levels.
Manage your capital carefully, risking no more than 1-2% of your account per trade.