At the last 4 hour momentum, Bitcoin showed a reversal into a bearish cycle. At a price of 38555 the BTC began to rise and go into correction.
At the moment, the price is completing the correction and is approaching the last point of interest - the chart shows it as an entry zone for a short position. This entire area is a order flow, or a single Order Block on the daily time frame.
At the moment, the price is completing the correction and is approaching the last point of interest - the chart shows it as an entry zone for a short position. This entire area is a order flow, or a single Order Block on the daily time frame.
Comment:
Order Block mitingation. Confirmation of reversal on a lower timeframe is required.
Comment:
Weekly timeframe looks like bullish. Dont short without reversal confirmation.
Comment:
I took the risk on short, entry timeframe 1H, trade timeframe 4H
Trade active:
Three target points
Trade closed: stop reached:
The position is closed by stop loss. Well, let's see what happens next.
Comment:
under control