BTC/USDT - 4H Analysis: Long Bias
Hello traders! 📈
The current BTC/USDT chart is aligning well with a bullish setup, supporting my long bias. Here's the breakdown:
1️⃣ Market Structure:
We've observed a Break of Structure (BOS) after a mitigation of sell-side liquidity.
A bullish Fair Value Gap (FVG) has formed, which could act as a magnet for price as momentum builds.
2️⃣ Liquidity:
Buy-side liquidity zones above $98,500 and $106,000 are key targets for this move.
3️⃣ EMA Compression:
EMAs are compressing, signaling a potential momentum shift to the upside. A clean break above $95,000 would confirm bullish continuation.
4️⃣ Trade Setup:
Entry Zone: $93,000 - $94,000, near current support levels.
Stop Loss: Below $92,300, protecting against invalidation of the long bias.
Targets:
First TP at $98,500, where intermediate liquidity resides.
Second TP at $106,000, aligning with higher timeframe objectives.
🎯 Key Notes:
Watch for price reaction around $98,500. If momentum sustains, holding for $106,000 is a possibility.
Manage risk wisely and stick to your plan. This trade offers a strong risk-to-reward ratio.
Let me know how you're trading this in the comments. Happy trading and stay green! 💚🚀
The current BTC/USDT chart is aligning well with a bullish setup, supporting my long bias. Here's the breakdown:
1️⃣ Market Structure:
We've observed a Break of Structure (BOS) after a mitigation of sell-side liquidity.
A bullish Fair Value Gap (FVG) has formed, which could act as a magnet for price as momentum builds.
2️⃣ Liquidity:
Buy-side liquidity zones above $98,500 and $106,000 are key targets for this move.
3️⃣ EMA Compression:
EMAs are compressing, signaling a potential momentum shift to the upside. A clean break above $95,000 would confirm bullish continuation.
4️⃣ Trade Setup:
Entry Zone: $93,000 - $94,000, near current support levels.
Stop Loss: Below $92,300, protecting against invalidation of the long bias.
Targets:
First TP at $98,500, where intermediate liquidity resides.
Second TP at $106,000, aligning with higher timeframe objectives.
🎯 Key Notes:
Watch for price reaction around $98,500. If momentum sustains, holding for $106,000 is a possibility.
Manage risk wisely and stick to your plan. This trade offers a strong risk-to-reward ratio.
Let me know how you're trading this in the comments. Happy trading and stay green! 💚🚀
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.
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.