BTC long idea (risky)

This is a 2 parts entry idea, based on 4hr. HTF is still bearish, so please manage your risk.
I know this is a risky one, but RR seems worth. stop is 4hr close below 31630.


++ Price is ranging for a while, and this seems like a wyckoff accumulation. potential target is 47-50k.
-- HTF is still bearish, and we're visiting the green box support once again, but its getting weaker with each visit.

Comment:

the initial bounce not seems bad, but we still need to complete some objectives :

- back above Monday low,
- back in range 33650 with the next 4hr candle.

then we're in a good position, otherwise its still risky.

Comment:

so far so good, the position is in profit, but still no clear indication of reversal.
still below monday low,
still below trading range of accumulation. And nobody knows if this is a deviation or a bearish retest.

so here we come to a decision point, and you should make your own decision based on your risk profile :
1. if you think you're over exposured, its a good point to reduce position.
2. if you accepted the risk , you can carry on to see next few candles,
3. if you're more conservative, then you can consider to lock profits here, and look for a 15 min reversal ( you already have at least one strategy for this, but always stick with yours)

So I always try to keep these ideas as educational as possible, rather than set & go, I hope it helps. Good luck !

Trade closed manually:

so I can't see a reason to stick with this. even with 15min, there's no sign of reversal. So I close my position here. :