Thursday Bitcoin Update
These are the local plays I'm watching today:
Two range deviation plays
Premium: Potential Trinity Model 1 setup
Discount: A range deviation into demand
We have reasons for both upside and downside moves, depending on how price continues to develop. Locally, price looks bearish, so if we get another bearish continuation pattern, I’ll be shorting down to the range low, especially since we've just pierced through the 30M demand, and it hasn't held.
Internal range trades carry more risk, so if you're a beginner, it might be better to wait for range deviation plays at the range extremes.
These are the local plays I'm watching today:
Two range deviation plays
Premium: Potential Trinity Model 1 setup
Discount: A range deviation into demand
We have reasons for both upside and downside moves, depending on how price continues to develop. Locally, price looks bearish, so if we get another bearish continuation pattern, I’ll be shorting down to the range low, especially since we've just pierced through the 30M demand, and it hasn't held.
Internal range trades carry more risk, so if you're a beginner, it might be better to wait for range deviation plays at the range extremes.
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🎯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.