On the daily candle, BTC is clearly rejecting the midrange. If today closes with a bearish pinbar candle formation, a possible flush might be incoming. I still stand by my strategy to avoid pushing trades in the middle of the range.
Our goal is to catch a trade as a scalp into a swing trade, targeting the highs or lows of this range. However, the odds are currently 50/50, so we are standing by. Whatever the market bias ends up being, our recommendation is to enter on 1-hour or 4-hour pullbacks with precise entries.
Let's keep being patient and wait for the right moment.
Our goal is to catch a trade as a scalp into a swing trade, targeting the highs or lows of this range. However, the odds are currently 50/50, so we are standing by. Whatever the market bias ends up being, our recommendation is to enter on 1-hour or 4-hour pullbacks with precise entries.
Let's keep being patient and wait for the right moment.
Daniel P. Fadejev
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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.
Daniel P. Fadejev
Related publications
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.