Bitcoin Morning Update - London Open 📉
We got a nice move from the level we were watching on Tuesday morning—congrats if you snatched that trade! It wasn’t an easy one, and I’ll discuss why in the next lesson.
Bullish Scenario 🟢
We’ve seen an aggressive internal BOS, and ideally, we get a retracement into one of our 30m demand zones 📈
If that holds, we could see a long scalp up to the 2H zone above and the old supply range, fulfilling a deeper primary retracement
I’ll be looking for market structure confirmation longs at these key zones
Bearish Scenario 🔴
On higher time frames, we broke bearishly from the range, meaning our primary structure is still bearish ⛔
If we react off the 2H supply zone above or the zone just above us, we could see a flush lower
I’ll be watching for shorts at these levels and look to de-risk immediately
Key Notes ⚡
We are also watching for our range deviation plays into supply and demand—a nice supply and demand sandwich 🥪
No change, no trade—patience is key
1% risk only—secure profits where possible
If you’re still in the long from yesterday, now is a good time to lock in profits
I won’t be streaming today or tomorrow, but I might squeeze in a lesson on Friday
Let’s see what Wednesday brings! 🚀
We got a nice move from the level we were watching on Tuesday morning—congrats if you snatched that trade! It wasn’t an easy one, and I’ll discuss why in the next lesson.
Bullish Scenario 🟢
We’ve seen an aggressive internal BOS, and ideally, we get a retracement into one of our 30m demand zones 📈
If that holds, we could see a long scalp up to the 2H zone above and the old supply range, fulfilling a deeper primary retracement
I’ll be looking for market structure confirmation longs at these key zones
Bearish Scenario 🔴
On higher time frames, we broke bearishly from the range, meaning our primary structure is still bearish ⛔
If we react off the 2H supply zone above or the zone just above us, we could see a flush lower
I’ll be watching for shorts at these levels and look to de-risk immediately
Key Notes ⚡
We are also watching for our range deviation plays into supply and demand—a nice supply and demand sandwich 🥪
No change, no trade—patience is key
1% risk only—secure profits where possible
If you’re still in the long from yesterday, now is a good time to lock in profits
I won’t be streaming today or tomorrow, but I might squeeze in a lesson on Friday
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!
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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.