Short-Term BTCUSD Technical Analysis for 1 Day and 4-Hour Charts
1. I identified the Key Support and Resistance Price-levels on the 4-hour Intraday-Chart for BTCUSD.
2. I Identified my strategy regardless of BTC's Price Movement for short-term/scalp position on 2 different scenarios
- Bullish Candle Breakout above $5940.00 (Entry) ---> Open Long Position @ $5940.00 (Set-Stop Loss @ $5940.00)
or
- Bearish Candle Breakdown below $5432.00 (Entry) ---> Open Short Position @ $5432.00 (Set-Stop Loss @ $5432.00)
2. I Identified my strategy regardless of BTC's Price Movement for short-term/scalp position on 2 different scenarios
- Bullish Candle Breakout above $5940.00 (Entry) ---> Open Long Position @ $5940.00 (Set-Stop Loss @ $5940.00)
or
- Bearish Candle Breakdown below $5432.00 (Entry) ---> Open Short Position @ $5432.00 (Set-Stop Loss @ $5432.00)