BTC Long Opporunity on Daily - Continued UpTrend

BTC Has been completely outpacing the dollar on a wider frame as noted by the Monthy Time Frame. After the election result BTC has reached a new level and is consolidating on the Daily though it looks innocous on the monthly time frame.

These type of opportunities shows the relation between LTF & HTF and how a LTF entry can be timed as long as conviction on the HTF continuation is still fresh (dotted arrow). The same can be done as far as the exit is concerned.

The daily is consolidating near the the All Time Highs on a rather ambiguous Supply Area. An idea can be to bite the bullet and enter the breakout of the smaller box. Or wait for some more visual clarity. Considering the pace of cypto market at large and the strong fundamentals supporting bullish sentiment. May be best to enter on the break and call it a day.


Inspired by Bob Volman & Adam Grimes