6 Week Consolidation - 3 Week Channel
Larger Descending Channel from June 1st: TL Supp @ 8000-8400
BTC in Ascending Channel since June 27 - TL Support @ 8900-9000
Higher Lows + Higher Highs since June 29
Bullish Div (hidden) on 4H + 1H
Demand Zone - 8800-9000
Bull Scenario: BTC bounces from 8900-9000 to make HH / Test TL Resistance @ 9500
Bear Scenario: Lose TL Support (ascending channel) + Make Lower Low + Fall through Demand Zone:
Target: TL Support of Descending Channel - 8000-8400
Trade Idea: Long
-Bullish Candle + Volume following Re-Test of Demand Zone with long tail wick
-Entry: 8950-9050 SL 8800 (invalidation @8800 - lose demand zone and TL support)
Trade Idea: Short
-Lose 8800 support w/o (Volume + Bullish engulfing Candle/ long tail wick)
-Wait for Re-Test of TL support turned Resistance (ideally a slow grind back)
-Entry: 8800-8900 SL 9050 (invalidation @ 9050 - reclaim ascending channel)
BTC in Ascending Channel since June 27 - TL Support @ 8900-9000
Higher Lows + Higher Highs since June 29
Bullish Div (hidden) on 4H + 1H
Demand Zone - 8800-9000
Bull Scenario: BTC bounces from 8900-9000 to make HH / Test TL Resistance @ 9500
Bear Scenario: Lose TL Support (ascending channel) + Make Lower Low + Fall through Demand Zone:
Target: TL Support of Descending Channel - 8000-8400
Trade Idea: Long
-Bullish Candle + Volume following Re-Test of Demand Zone with long tail wick
-Entry: 8950-9050 SL 8800 (invalidation @8800 - lose demand zone and TL support)
Trade Idea: Short
-Lose 8800 support w/o (Volume + Bullish engulfing Candle/ long tail wick)
-Wait for Re-Test of TL support turned Resistance (ideally a slow grind back)
-Entry: 8800-8900 SL 9050 (invalidation @ 9050 - reclaim ascending channel)
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.