Just trying out a new strategy with R/R 1 for shorter timeframe scalps. NFA
Despite numerous unsuccessful and failed tries to break the heavy resistance zone specially considering the bitcoin chart I expect at least a minor correction from my entry point. NFA
Price seems like hitting a semi-major resistance area which happens to be in the measured move zone as well, momentum loss and Choch in lower timeframe confirming at least a small leg down giving us 1.4 R/R ratio. NFA
As highlighted in the chart I see a breakout and a micro wedge expecting a small pullback to fibo 0.5 to 0.66 area. And all bullish from that point on until the next resistance. I save some profit on target 1 and trail my stoploss to my entry point and ride the trend to the next target! NFA
Referring to the chart's key areas, it's evident that BTC is experiencing a decline in its momentum and appears to be seeking a liquidity zone to facilitate its movement. I hold a strongly positive outlook on the crucial supply zone, having placed my long orders within it. I'm confident that we will see the gap highlighted in the 32,000 to 33,400 range filled. (NFA)
Looks like this is a bearish market manipulation to hunt the stops and start to rally from the highlighted entry area. NFA
Based on my analysis I believe this is the end of the correction and it's gonna move upward from here! NFA
I expect a minor pullback to the highlighted area and at least a 15% growth from there! NFA
I can see an obvious change of character and I just wait for the price to meet the area of interest and expect it touch at least the first higher high in daily timeframe. NFA
Even though bitcoin is falling PHB is in AIL mode and every close and every pullback is a buy opportunity. NFA
We've had some quite strong correction waves and I believe we should have at least a minor trend reversal from the highlighted area which wouldn't be unlikely to reverse the whole trend upward as well. but basically the first target would be prior high and we'll see from there!
A minor choch has happend and after validating it, I'm entering for a long position with the target of prior high!
Mana has strongly changed character from a key point, I expect a minor pullback validating the change of character and a move up from here! NFA
Sand looks to be reversing back from a pretty important area and after a nice change of character I expect a minot pullback to grab some liquidity before going all the way up! NFA
After a strong comeback from a key area, I expect a correction validating the change of character and a move up from there! NFA
After a big breakout I expect a strong reaction from bulls in this area. which can cause a major trend reversal with the first target of prior high. NFA
After a huge breakout and change of character I believe the downtrend is finished and price is testing the entry point. Don't forget to manage the risk since the coin is pretty volatile and target is a sweet 27% profit! NFA
BTC will most probably touch my entry and have at least one leg up from there! Nice R/R 😙 NFA