Hi guy's a quick update on my Bitcoin outlook. As mentioned in my weekly video there was a potential short term buy on 1hr time frame after an IF=THEN scenario, that potential short term set-up as described in video never completed. I also mentioned that for the 4 hour and/or daily time frame buy we needed to take out the lows as shown in the previous chart.
Now there was some debate in why I would give these calls. Let me explain, I understand trends, sentiments and structure. I can not give my approach away but what I can say is that I only share high probability set-ups and not an analysis because I have one. I am very good in calling the end of a trend, whether that results in a correction (either sideways-price or a hybrid form) or reversal is something for later. So what I tried to show is that if you want to buy Bitcoin based on 4 hour and/or daily time frame you might want to consider waiting for the structural set-up I showed in my previous post.
Now that is out of the way I am interested in buy-set-ups in Bitcoin IF they present themselves. Hope this make sense, I simply trade what I like and there are so many instruments out there that trading the best set-up is one of the way's of trading the way of least resistance.
I will update Bitcoin in the near future. For now I enjoy the shorts based on the structure within this correction. If this correction turns into a reversal I'm good as well.
If you didn't check my video then you might want to consider doing so to gain a better perspective on how I look at the market.
Safe trades!
Now there was some debate in why I would give these calls. Let me explain, I understand trends, sentiments and structure. I can not give my approach away but what I can say is that I only share high probability set-ups and not an analysis because I have one. I am very good in calling the end of a trend, whether that results in a correction (either sideways-price or a hybrid form) or reversal is something for later. So what I tried to show is that if you want to buy Bitcoin based on 4 hour and/or daily time frame you might want to consider waiting for the structural set-up I showed in my previous post.
Now that is out of the way I am interested in buy-set-ups in Bitcoin IF they present themselves. Hope this make sense, I simply trade what I like and there are so many instruments out there that trading the best set-up is one of the way's of trading the way of least resistance.
I will update Bitcoin in the near future. For now I enjoy the shorts based on the structure within this correction. If this correction turns into a reversal I'm good as well.
If you didn't check my video then you might want to consider doing so to gain a better perspective on how I look at the market.
Safe trades!
