BTC Long

BTC ready for longs.

Currently Trading above the 200EMA on the 4h
Trading above the 50EMA on the Daily and the 8EMA on the daily. Waiting for the 8EMA gap to close on the daily which will also be a retest of of the 50EMA.

But I will only enter longs once we have a clear BCR of the S&D zone we are trading in now.

Disclaimer: I am still testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.

Please share your Ideas with me and I am always open to positive criticism.

Remember to use risk according to your appetite.

Thanks for Checking out this Idea.

Comment:

Never got the continuation I was looking for. Now we are range trading between 2 Supply and Demand Zones. Below the 50EMA on the daily and above the 200EMA on the daily. Will not take a trade until we get clear direction. Will update the Idea as soon as I see any changes.
Side note: We might retest the 50EMA on the weekly before we see bulls returning.