Bitcoin Medium Time Frame Day trade ideas
To the upside - for shorts I like the 4 hr Order Block lining up with the point of control level which is a very high time frame point of control. If we claim that i will be looking for further upside.
To the downside, for a scalp long trade i like the idea of a local range deviation into this fibonnaci pocket which also lines up with the swing low from the 15th June. I will enter this trade based off order flow, i want to see aggression into the level with liquidations, Quick tape profit and move stop loss to entry.
For a potential day/swing trade, below the big wick we made, we have the high time frame Value area low - this is also a massive monthly s/r zone.
To the downside, for a scalp long trade i like the idea of a local range deviation into this fibonnaci pocket which also lines up with the swing low from the 15th June. I will enter this trade based off order flow, i want to see aggression into the level with liquidations, Quick tape profit and move stop loss to entry.
For a potential day/swing trade, below the big wick we made, we have the high time frame Value area low - this is also a massive monthly s/r zone.
Trade active:
Price came into our short zone - This should be a nice take profit area right now as we are at a local inefficiency pocket. I Have moved stop to entry also.
Comment:
Another take profit on this short now - 7% up currently
Comment:
price came into our first long zone reacting nicely