BTC trading plan timeframe D1
Updated
D1: main structure of btc is bullish. following the eliot it is likely that btc is in a 5-wave impulsive wave structure. Currently Btc is moving in a falling channel with low range and below average volume (correction wave 4).
Currently, the price is retesting the peak of wave 1 at 25250 and showing signs of bullish reversal. The candle on June 14 closed below the low of the candle on June 6, however, on June 15, the price created a bullish candle and closed above the low of June 6 -> falsebreak
setup: buy btc entry 26345, sl 24500, tp1 30500, tp2 35000
Currently, the price is retesting the peak of wave 1 at 25250 and showing signs of bullish reversal. The candle on June 14 closed below the low of the candle on June 6, however, on June 15, the price created a bullish candle and closed above the low of June 6 -> falsebreak
setup: buy btc entry 26345, sl 24500, tp1 30500, tp2 35000
Note
Tp1 30500 complete
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