Bitcoin (BTC/USD) Going Down – Enter At The Pull Back
Hi Traders,
Looking at BITCOIN (BTC/USD) Today.
We are in the 4-hour time frame.
We have, unfortunately, for now, had that possible V bottom recovery invalidated.
This is because we have broken below the most recent low, so now we are looking for further sell opportunities.
I have highlighted my order block zone in yellow.
I am waiting for the price to retrace back into the yellow zone and then once the price touches the 50 % point inside the zone, my sell order will trigger with targets being previous support.
The previous support structure is the lowest low we have seen for Bitcoin this year.
I'm a crypto bull long-term, but if an opportunity presents itself, I take it.
Remember, no emotions, just strategy. Trade like a robot.
Trade safe out there!
The Vortex Trader
Looking at BITCOIN (BTC/USD) Today.
We are in the 4-hour time frame.
We have, unfortunately, for now, had that possible V bottom recovery invalidated.
This is because we have broken below the most recent low, so now we are looking for further sell opportunities.
I have highlighted my order block zone in yellow.
I am waiting for the price to retrace back into the yellow zone and then once the price touches the 50 % point inside the zone, my sell order will trigger with targets being previous support.
The previous support structure is the lowest low we have seen for Bitcoin this year.
I'm a crypto bull long-term, but if an opportunity presents itself, I take it.
Remember, no emotions, just strategy. Trade like a robot.
Trade safe out there!
The Vortex Trader