Bitcoin Reversal or Dead Cat Bounce? Here's My Trading Plan!
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Analyzing BTC on the higher timeframe, we observe a clear structural shift in the prevailing trend 📊. Dropping down to the 4-hour chart, there is a decisive bullish break 📈, leaving behind an imbalance following the initial move—an area that could serve as a retracement target 🎯. Notably, this imbalance aligns with a Fibonacci retracement into equilibrium 📐, adding confluence to the setup.
I am considering a long position 💰, but only if the key conditions outlined in the video materialize ✅. If those conditions fail to align, I will discard this trade idea ❌.
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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.