Observing the current dynamics of Bitcoin's price movement, we can see a clear uptrend on the 1D time frame. This trend becomes even more evident when we shift our focus to a 4H chart, revealing a compelling bullish trajectory characterized by successive higher highs and higher lows.
Presently, Bitcoin has retraced to a strategically significant support level. In our video discussion, we thoroughly examined the prospect of a potential trade opportunity, conducting a comprehensive analysis of various elements including the prevailing trend, price action patterns, and the underlying market structure.
It is imperative to emphasize that the content presented in the video is intended solely for educational purposes and should not be construed as financial advice. Our goal is to provide a detailed understanding of market dynamics, enabling viewers to make informed decisions within the realm of cryptocurrency trading.
@SwallowPremium, Thank you, Im so glad to hear you enjoy my videos.
scottedwards2000
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love the video - so clear and helpful - you almost made the TP!
tradingwithanthony
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@scottedwards2000, Thanks.. my 1st TP is always 1:1 RR where I take 2/3 off my position off and move the SL so after that its profitable no matter what.
scottedwards2000
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@tradingwithanthony, nice! good advice! BTC seems to be acting kinda crazy this week - wondering what comes next...