BTC USD Idea
I'm unsure which direction BTC/USD will trend, but I've been analyzing order flow software in the live auction. Since last week, the 4-hour candles have shown volume in the millions, and the trend is extremely bullish. However, the market maker has been giving 8-hour rallies and then taking out buyers' stops. This pattern has been consistent since Thursday.
I haven’t opened any swing trades yet; instead, I've been scalping in and out. If the price remains bullish and I consider buying, I need to see a significant move down followed by a strong move up. This would indicate that traders have been trapped, and only then might I consider a swing trade. For now, there's no way I'm entering, as the price hasn't dropped to those discounted daily lows to offer a clean trade—this isn't a business where they just hand you easy trades like it's your birthday. They're in the brutal business of making serious money.
So, I'm waiting to see big moves after the holiday, and then we can make a plan. Enjoy Labor Day, and let’s keep hunting!
I haven’t opened any swing trades yet; instead, I've been scalping in and out. If the price remains bullish and I consider buying, I need to see a significant move down followed by a strong move up. This would indicate that traders have been trapped, and only then might I consider a swing trade. For now, there's no way I'm entering, as the price hasn't dropped to those discounted daily lows to offer a clean trade—this isn't a business where they just hand you easy trades like it's your birthday. They're in the brutal business of making serious money.
So, I'm waiting to see big moves after the holiday, and then we can make a plan. Enjoy Labor Day, and let’s keep hunting!
Daniel P. Fadejev
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