BitcoinLong
Bitcoin Spring - Entry Points
#WyckoffMethod #TapeReading #TrendAnalysis #Forecast #BitcoinSignals
As Bitcoin completes the 'Spring' action in Phase C of the 'Price Structure' which acts as the 'last test of the demand' price advances into Phase D of the trading range. We now want to see a 'Change of Character' with a 'major sign of strength' confirming Phase D and giving us the opportunity to locate another low risk entry point within the 'price structure'.
Entry 2 on this chart is the point at which the price action if it advances will return to the greater trend and if we are able initiate a position we can aim for at least a 3R return from the (presumed) price level of 'Entry Point 2'
As Bitcoin completes the 'Spring' action in Phase C of the 'Price Structure' which acts as the 'last test of the demand' price advances into Phase D of the trading range. We now want to see a 'Change of Character' with a 'major sign of strength' confirming Phase D and giving us the opportunity to locate another low risk entry point within the 'price structure'.
Entry 2 on this chart is the point at which the price action if it advances will return to the greater trend and if we are able initiate a position we can aim for at least a 3R return from the (presumed) price level of 'Entry Point 2'
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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.