Looking For Reversal (BTC)

By UnknownUnicorn2319099

Updated

*Scalp session on 1 and 5 min time-frames

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my view. Looking to test low for a double bottom as the downward channel was broken out of last night. We have no entry.

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Limits set at 9185 for a selloff, might add a little higher. Got to keep watching

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potential wedge lines up in key support areas

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ok, now we are zoned in. Got the Resistance and support ready. 9233.50 I like for a bounce

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*5 and 15 min timeframes

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Limits $9233.35 & $9184.35

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Resistance $9360

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15min candles show bear trend since 9500. Zero green

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Sell volume.

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When the buys hit we use a 1% stop on these time frames. Manage risk and ride the gainers

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Current price $9278

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Nice little move back up in the channel. Watching resistance. No entry.

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I'm going to clear my limit at $9233.35 and add more to $9184.35

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knocking on Resistance

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$9340 key level

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$9330 .59 short

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9340.50 stop

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Go long

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9341.42

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$9330 is my stop for a flip

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Playing aggressive here

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$9341.42 still in play

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Going to shift my stop down to $9325 little bit more room

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Actually overall like this break. Will drop stop down to 1% SL

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breakout needs to turn into support for move up

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Adding long 9315

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Not the best daytrading session so far, but if you want to play these small time-frames this is how it will be. You must make quick moves

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This is why most of my analysis you see me analyze the large time-frames for the bigger market cycles. These small time frames like the 5 min. And 15 min is for quick fun studies

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We are testing old resistance to see if it's new support

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9315 and 9341 still long

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Exit

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9310 closed all positions

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-46$ per BTC currently

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Long 9296

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Take profit 9343

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+47$ per BTC / Recovered. 😁👍 Never give up!

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Horizontal resistance broke out as soon as I went to update this hahaha. Dang 😂 it's all good! Get those gains!

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That's it for this session, catch you on the next one 😁

UnknownUnicorn2319099

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