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Bitcoin
Long
Updated

Potential Wyckoff reversal pattern BTCUSD

64
Hi everybody.
I want to pick your brain about my swing trade / position trade entry idea on BTC.

Investment thesis:
FUNDAMENTALS:
Long Term: Liquidity expanding + China Stimulus / Raoul Paul GMI concepts.
Time based: End of quarter rally + cycle stage should come with a rally.

TECHNICALS
Weekly: FVG in Support tested several times.
Daily: Daily wicks and Bullish FVG
Hourly: Wyckoff (sort of) strucutre: Sell climax + penetration + BOut Res + retest

RR: 3:1 approx.
Trade closed: target reached
This worked out great.
Not a text book Wyckoff but the panic selling of 10/2024 and quick reversal gave even more strenght to the analysis
SensumCommunem
“Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece.” ― Ralph Charell
Also on:
Economic CyclesMultiple Time Frame AnalysisSeasonality

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Economic CyclesMultiple Time Frame AnalysisSeasonality
SensumCommunem
“Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece.” ― Ralph Charell
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.