BTCUSD - Long / Short - LTF - Just a bit
Updated
One long / One short scenario
Fundamentals
-
TA
One scenario developing doenst invalidate the other including my linked BTC analysis. Would take one after another if it should develop. Be aware this one is LTF.
Scenario 1 (Green arrow)
Target
Next resistance level (upper red rectangle ). Recent swing top. Top of the current ltf range.
Requirments
- Close above 50% fib and generating a swing
- Break of the generated swing
- Enter on that break
Invalidation / SL
- Fall under 50% Fib level AND generating lower swings
Time duration
Days, weeks, months, years... ;)
Scenario 2 (red arrow)
Target
50% Fib level + former resistance
Requirments
- retake and break under resistance level (red rectangle)
- Generating a lower swing after the break
- Enter on break of generated lower swing
Invalidation / SL
- No break under resistance level
- No break of mentioned swing and second retake of resistance level
Time duration
Days, weeks, months, years... ;)
Good luck
Fundamentals
-
TA
One scenario developing doenst invalidate the other including my linked BTC analysis. Would take one after another if it should develop. Be aware this one is LTF.
Scenario 1 (Green arrow)
Target
Next resistance level (upper red rectangle ). Recent swing top. Top of the current ltf range.
Requirments
- Close above 50% fib and generating a swing
- Break of the generated swing
- Enter on that break
Invalidation / SL
- Fall under 50% Fib level AND generating lower swings
Time duration
Days, weeks, months, years... ;)
Scenario 2 (red arrow)
Target
50% Fib level + former resistance
Requirments
- retake and break under resistance level (red rectangle)
- Generating a lower swing after the break
- Enter on break of generated lower swing
Invalidation / SL
- No break under resistance level
- No break of mentioned swing and second retake of resistance level
Time duration
Days, weeks, months, years... ;)
Good luck
Note
So far price couldnt make it above the 50% FibNote
Price broke above it, however the swing generated is a bit too close to my target to long on its break. So not gonna follow the long scenario as pictured because the rr wouldnt fit my criteriaNote
The short scenario would have worked out. Sadly was asleep :D. The idea will be closed as both levels been tested so will wait for other scenarios.
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