BTC - HTF View (Up only scenario)
Updated
In my last BTC idea i said it wasn't a good idea to be bearish and it turned out, indeed it wasn't.
Idea here is self-explanatory but it can look more cluttered when shared so a little explanation.
The whole thinking is shaped around the Nasdaq fractal and an up only scenario, which is unlikely IMO. Between the three, blue option is my favourite as it'll stop enough people and make many others short, but it'll be hard to predict where it reverses as well.
I'll share more ideas, which are more bearish at first but bullish later, but there are good reasons (FVGs, OBs, Harmonics and more) to push to 32 - 34s and even 36s and reverse from there.
Idea here is self-explanatory but it can look more cluttered when shared so a little explanation.
The whole thinking is shaped around the Nasdaq fractal and an up only scenario, which is unlikely IMO. Between the three, blue option is my favourite as it'll stop enough people and make many others short, but it'll be hard to predict where it reverses as well.
I'll share more ideas, which are more bearish at first but bullish later, but there are good reasons (FVGs, OBs, Harmonics and more) to push to 32 - 34s and even 36s and reverse from there.
Comment
So, although I marked the resistance zone perfectly, it seems like i was too optimistic for 32-34s.Main area of interest for 'too good to be true' scenario
Comment
blue line is doing its job
Comment
almost there.Trade closed: target reached
target reached
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