I just posted a novel about BTC and the past 8 months, I get that not everyone is interested in that type of analysis...so here's a LTF look at BTC.
This is the last 2.5 months or so, on the 8hr, as you can see. Green levels denote Daily levels. We've got some Daily structure above us around the 10.4 - 10.6k range, no shocker there. Our rise from 3.8k has been in this flag/channel type formation (in blue).
I currently see us ranging between 8.4k and 9.5k or so. If Bulls can close over that 9467 level on a 4hr chart or higher, I'd look to scalp a long to that 10.4k range. If Bears take over that 8.4k level, I'd look to scalp it down to that green block, 7.7k or so...maybe even down to bottom of the blue channel. Again, on 4hr or higher tf.
As always, practice solid risk management, good luck, and have fun.
This is the last 2.5 months or so, on the 8hr, as you can see. Green levels denote Daily levels. We've got some Daily structure above us around the 10.4 - 10.6k range, no shocker there. Our rise from 3.8k has been in this flag/channel type formation (in blue).
I currently see us ranging between 8.4k and 9.5k or so. If Bulls can close over that 9467 level on a 4hr chart or higher, I'd look to scalp a long to that 10.4k range. If Bears take over that 8.4k level, I'd look to scalp it down to that green block, 7.7k or so...maybe even down to bottom of the blue channel. Again, on 4hr or higher tf.
As always, practice solid risk management, good luck, and have fun.
