CountOnCrypto - Bitcoin Swing Trade - 17/04/2023

Swing Failure Pattern of the market structure high. I would still consider the market structure bullish on the MTF-HTF as we've found support at the old market structure high which was flipped from resistance to support then had an SFP with a lot of shorts opening between here and when we lost the 30k psychological support.

Target is based off the liquidity at 30.8k. Stoploss below the low as that's a clear invalidation on the basis of the SFP and market structure! Lovely swing trade setup for me.

Trade active:

Stopped out, where we saw a second SFP so I longed again with my stop loss below the low.