Bitcoin Bullish Scenario (Huge if True)

Taking this trade only because i see a fractal with a 5 day consolidation and we are at day 4 of it . If i dont see a big up move in 1-2 days i will cut /re-evaluate idea and update it here.
Bearish scenario have a worse realistic r/r

Note

Stop is orange line, price have no business under 3850 if im right.

Note

Here is what im looking for.
Fractal from mid 2017

Note

And here is how i see it happening now.
Price failed to sweep lows, goes into consolidation, marks up, makes attempt for next leg up, gets rejected, starts retracing but quickly gets bought up and then makes a big extension.

Note

Breakout from 5day consolidation just like i said. Now i expect green days with slow grind up. Orange now should be an unbreakable support for days. SHOULD.

Note

Nothing changed much, still expect no significant downsides till 4400-4500 area.
My first take profits are at 4250 and 4423.

Note

Daily candle failed to hold above breakout level, price plummeted. Sadly, but fractal invalidated :C

Trade closed manually

five_min_cahrts

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.

five_min_cahrts