BTC BEARISH SCENARIO
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I have a bearish bias for BTC in the 4H, price touched the 4hours supply ($32000) now trading below it.
Because we failed to break above the 4h supply i strongly believe we are still bearish.
i will be taking this trade but first i will wait for price to break through the labelled (PBOS) then retrace to tap our OB for a nice Risk to reward ratio.
Pls remember to always follow your trading plan regarding entry, risk and trade management.
Goodluck!
I have a bearish bias for BTC in the 4H, price touched the 4hours supply ($32000) now trading below it.
Because we failed to break above the 4h supply i strongly believe we are still bearish.
i will be taking this trade but first i will wait for price to break through the labelled (PBOS) then retrace to tap our OB for a nice Risk to reward ratio.
Pls remember to always follow your trading plan regarding entry, risk and trade management.
Goodluck!
Penafian
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