BTC Trade plan for Dec 6-9
Updated
For Bitcoin cliff dwellers, and those that survived the dump. This is my trade plan for the upcoming week:
1. The volume is super low right now, ENERGY is building for another move, which direction will it be?
2. There is a liquidity zone below, 46k-45k.
- If it gets to this zone and shows strength, I will go long.
- If it gets down to this zone and structure shows weakness (no volume), I will make no trade.
3. There is CME futures zone around 53.5k.
- If it gets to this zone and shows strength, I will look for long entry.
- If it gets to this zone and shows low volume, I will look to short it on 15min chart lower highs.
Good luck to all, love you, WAGMI
1. The volume is super low right now, ENERGY is building for another move, which direction will it be?
2. There is a liquidity zone below, 46k-45k.
- If it gets to this zone and shows strength, I will go long.
- If it gets down to this zone and structure shows weakness (no volume), I will make no trade.
3. There is CME futures zone around 53.5k.
- If it gets to this zone and shows strength, I will look for long entry.
- If it gets to this zone and shows low volume, I will look to short it on 15min chart lower highs.
Good luck to all, love you, WAGMI
Note
Little relief rally today. Not much volume so could be a false move up.1. Waiting for structure to build.
2. Needs to show strength around 52k resistance or will look for short entry.
3. If retrace back to 48-47k will look for long entry.
WAGMI!
Note
'TurnAround' Tuesday Dec. 7 Resistance zone reached as expected.
Single tap reversal maybe showing strong wall to break through 52k and up.
If pulls back, then looking to scale back in long around 47k
Peace
Note
Wednesday Update: 1. Still range bound with low volume low conviction moves.
2. Will look for long entry if retest Monday's low (47.3k)
3. Will look for small long entry if we see yesterdays low with big orderbook volume (48.5k)
Note
DEC 9 UPDATE:Monday's Low retested. Just scalping level to level as the pattern is still yet to emerge. Watching closely for the market maker to show their hand. Will they push it to 59k next?
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