RikBruno94

Bitcoin Rally, shouldn't miss out

Long
RikBruno94 Updated   
BITFINEX:BTCUSD   Bitcoin
This is one of my favourite setups. Price made a clear stop run into the bullish 4 hour orderblock and then rallied up and took out the swing high, breaking the market structure to the bullish side.

Now all we gotta do is WAIT! Wait for price to come down to .618 fib and .705 fib, which would be a great R/R long setup targeting 6600 level
Trade active:
Bounced nicely from .618 fib, moved stop loss to breakeven
Trade active:

Pushing up nicely, told ya guys its a legit run up after looking at that stop run and break in market structure

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.