demand zone recap ^

it's a few messages so do scroll and read through

📈 POTENTIAL TRADE

placing a stop limit long order at 33760 which is actually 33785 on tradingview

(idk why tradingview prices abit off but chart movement is the same so did some zero error there)

if it does not trigger then no trade!

this can be risky, because if btc closes below the demand zone there's a high chance of continuous downward movement

but i'm betting on the bulls like me and you to defend it, hence bouncing off the 4h trendline + resistance!

still fighting in the demand zone currently,

no point trading here as you can see it's just moving sideways to figure which side to break out of

cancelling my open order here

adjusted the 4h triangle as i tried to chart the touchpoints more accurately

and now we actually see that btc wicked the 4h trendline before bouncing back up

respecting the symm triangle

here are the possibilities of a symmetrical triangle

#learn

if btc cannot print a lower low (LL), then this might be a point of change in the market structure

#analysis

market structure recap here!

do scroll down a bit

btc 15m tf

clear downtrend, creating Lower Highs (LH), Lower Lows (LL)

hence if a LL is not printed then we might see a reversal if not then choppy movement sideways

#learn

📈 TRADE ALERT

picking up some btc long at cmp here

super risky trade!!

reasons: failed to break support but closed just above it,
couldn't close a LL - possible change in market structure,
nice RR

#trades W

as shown

tradingview prices are slightly diff so adjust about -$25 from the prices shown

there we go!

a very nice bounce from support as expected

a wick came down into the support zone and bounce immediately off the trendline!

this was followed by the bulls defending the support zone

setting SL to entry here

remember to take some profits!

cheers!

another W for the books 🥳

this trade is valid as long as LL is not printed

however, enter at your own risk of course

nfa!

:-)

look at the candle close with the red circle

it was able to close ABOVE the previous tweezer top (the two candles on the same level to the left) just so slightly,

which gave the market good confidence of a change in market structure and it led to a spike

if we can close above the previous high, it will be a huge W

congrats if you entered here 🥳