🚀 Bitcoin ~ "Cautious Bulls" Anticipate Local Higher Low

7 avr. 2022

Unfortunately, I was unable to make it to the office this morning. Fortunately, yesterday’s live stream is still 100% relevant. This is a great opportunity to re-watch that educational content. We are focused on the 3D higher low swing low to 3D swing high higher high Fib “Bull Zone” between the 38-50% retracement (44K – 42.7K). As long as price holds 42.7K on a candle closing basis price is more likely than less likely to challenge the prior highs (47 – 48K) but not necessarily break to pivot higher highs. Price discovery is taking place now around the 4h 200 EMA. We are now “cautious” Bulls entertaining the idea of shorting a lower high bounce after the local low is set. Price has currently only printed a primary low.
For me personally (make your own trade decisions): Step 1. Local low must print on mid-term time frame, Step 2. Get more information by what sort of price action do we get off the lows (V-shaped, primary to tertiary price discovery, or bear flag to lower high), Step 3. proactive limit orders will be placed either long to average down or short to hedge.

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