Some Clarity on 4H Bitcoin
Made this chart for clarity.
Purple lines are the HTF ranges we're within.
A break above them on 1D or 1W would make me HTF bullish.
A break below them on 1D or 1W would make me HTF bearish.
While neither happens, I'm neutral - we're just ranging.
Green Xs are where I think a lot of long stops rest. Lots of liquidity in those areas.
Red Xs are short stops. Also lots of liquidity but much of it has been tapped in last few days.
I'm waiting for a setup to form. Out of anytrade in the meanwhile.
If we break 6630 on the 1H, I'll short a possible retest of it, with green Xs as targets, and last high before breakdown as stops.
I'll only enter a long if we smash the purple line - top of our range.
Purple lines are the HTF ranges we're within.
A break above them on 1D or 1W would make me HTF bullish.
A break below them on 1D or 1W would make me HTF bearish.
While neither happens, I'm neutral - we're just ranging.
Green Xs are where I think a lot of long stops rest. Lots of liquidity in those areas.
Red Xs are short stops. Also lots of liquidity but much of it has been tapped in last few days.
I'm waiting for a setup to form. Out of anytrade in the meanwhile.
If we break 6630 on the 1H, I'll short a possible retest of it, with green Xs as targets, and last high before breakdown as stops.
I'll only enter a long if we smash the purple line - top of our range.
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