🚀 Bitcoin Morning Plays – Wednesday Update 🚀
🔹 Recap:
Tuesday gave us some solid long scalps—one of which I’m still holding. But let’s talk about that 3H supply zone distribution play. It had potential, but let’s be real… it wasn’t as sensational as it could have been. Why?
No market structure confirmation on the second tap after the SFP.
Risk-to-reward wasn’t great (let’s be honest, you were probably sleeping when it happened—I know I was 😴).
🔹 What’s next?
London session is here, and I’m watching two key scalp zones. BUT—I need to see LTF confirmation before touching either one. ⚠️
I’m still in my long from yesterday and will be de-risking soon—that trade is done. Next one up. 👀
🔹 Key Levels & Lessons:
For the eagle-eyed traders 🦅, you’d have noticed that the second tap was actually a liquidity sweep into a prior internal high liquidity point, plus a 1M supply tap. I might break this down in a lesson later this week.
Meanwhile, I’m also watching the 84K high for a reaction:
✅ TP spot for my long
✅ If we reclaim it with a strong close, bulls will be celebrating 🎉, and I’ll be eyeing a retracement long into 90K.
🔹 Bearish Signs?
Not ignoring them. While the 2H structure is still intact, we’ve seen a bearish flip on the 1H & lower timeframes—this could be the start of a downtrend. That’s why I’m also watching a short setup from the old distribution range.
⚠️ Trade responsibly: Stick to 1% risk, set a clear SL, and let’s see what Wednesday brings. 🏆
🔹 Recap:
Tuesday gave us some solid long scalps—one of which I’m still holding. But let’s talk about that 3H supply zone distribution play. It had potential, but let’s be real… it wasn’t as sensational as it could have been. Why?
No market structure confirmation on the second tap after the SFP.
Risk-to-reward wasn’t great (let’s be honest, you were probably sleeping when it happened—I know I was 😴).
🔹 What’s next?
London session is here, and I’m watching two key scalp zones. BUT—I need to see LTF confirmation before touching either one. ⚠️
I’m still in my long from yesterday and will be de-risking soon—that trade is done. Next one up. 👀
🔹 Key Levels & Lessons:
For the eagle-eyed traders 🦅, you’d have noticed that the second tap was actually a liquidity sweep into a prior internal high liquidity point, plus a 1M supply tap. I might break this down in a lesson later this week.
Meanwhile, I’m also watching the 84K high for a reaction:
✅ TP spot for my long
✅ If we reclaim it with a strong close, bulls will be celebrating 🎉, and I’ll be eyeing a retracement long into 90K.
🔹 Bearish Signs?
Not ignoring them. While the 2H structure is still intact, we’ve seen a bearish flip on the 1H & lower timeframes—this could be the start of a downtrend. That’s why I’m also watching a short setup from the old distribution range.
⚠️ Trade responsibly: Stick to 1% risk, set a clear SL, and let’s see what Wednesday brings. 🏆
🎯BOOK 121 TRAINING MASTERCLASS: tradejournal.co.uk/book-1-to-1-master-class/
🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
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🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
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.
🎯BOOK 121 TRAINING MASTERCLASS: tradejournal.co.uk/book-1-to-1-master-class/
🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
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.