Bitcoin Morning Update – Tuesday
Congratulations if you managed to catch both the long and short setups from yesterday! I say “magically” because, truthfully, we didn’t get the best confirmation from market structure—so I won’t pretend we did. However, if you were eyeing indicator-based entries or a divergence-based model, you may have been able to snatch both trades. Our key areas were respected beautifully.
Today's Outlook
Keeping it simple:
✅ Looking for a pronounced 5m bullish break with retracement for a long up to $84.6K.
✅ Notable resistance at $83.7K—watch for reactions there.
✅ If we reclaim $84.6K with a candle body close, then we’re likely headed for the target above and eventually the range high.
Other Trades in Play
🔹 I’m also watching for range deviation plays at the extremes—I’d like to see a 10m+ change in market structure for confirmation.
🔹 A 5M break would confirm the SFP at
82K, making the $84K high a weak target.
🔹 Will I look for demand chain involvement on the way up? Absolutely!
Bearish Perspective
🔻 Most of our volume has traded in the premium region, so a move to marinate the discount region is possible.
🔻 If that happens, I’ll be looking for bearish retracement involvement.
Trading Laws to Follow (For Beginners - 1-3 Years of Experience)
📌 Position size appropriately
📌 Set your predetermined SL and TP
📌 De-risk as soon as reasonably possible
Follow these rules, and you won’t just preserve capital—you’ll grow your equity curve sustainably.
Congratulations if you managed to catch both the long and short setups from yesterday! I say “magically” because, truthfully, we didn’t get the best confirmation from market structure—so I won’t pretend we did. However, if you were eyeing indicator-based entries or a divergence-based model, you may have been able to snatch both trades. Our key areas were respected beautifully.
Today's Outlook
Keeping it simple:
✅ Looking for a pronounced 5m bullish break with retracement for a long up to $84.6K.
✅ Notable resistance at $83.7K—watch for reactions there.
✅ If we reclaim $84.6K with a candle body close, then we’re likely headed for the target above and eventually the range high.
Other Trades in Play
🔹 I’m also watching for range deviation plays at the extremes—I’d like to see a 10m+ change in market structure for confirmation.
🔹 A 5M break would confirm the SFP at
82K, making the $84K high a weak target.🔹 Will I look for demand chain involvement on the way up? Absolutely!
Bearish Perspective
🔻 Most of our volume has traded in the premium region, so a move to marinate the discount region is possible.
🔻 If that happens, I’ll be looking for bearish retracement involvement.
Trading Laws to Follow (For Beginners - 1-3 Years of Experience)
📌 Position size appropriately
📌 Set your predetermined SL and TP
📌 De-risk as soon as reasonably possible
Follow these rules, and you won’t just preserve capital—you’ll grow your equity curve sustainably.
🎯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.
🎯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.