Hello everyone this is my idea for BTCUSD on daily time frame
all details are on chart but I will discuss our plan below .. on what we should do
we just need to keep it simple and control our emotion .. we are traders ... no bias just trading what market give us
Our plan as buyers is
to remain buyers and hope price close above Red line to continue uptrend for new high
as long as green line and blue line hold .. our uptrend is intact
Buying zones are below and stops should be a 4 hour candle close below them ..
Our plan as sellers is
a 4 hour close below green line we target blue line
a 4 hour close below blue line we target orange line and below ..
we can sell from red line to target green line
for any question feel free to ask :)
Note : RSI price action is very interesting could break in any direction
all details are on chart but I will discuss our plan below .. on what we should do
we just need to keep it simple and control our emotion .. we are traders ... no bias just trading what market give us
Our plan as buyers is
to remain buyers and hope price close above Red line to continue uptrend for new high
as long as green line and blue line hold .. our uptrend is intact
Buying zones are below and stops should be a 4 hour candle close below them ..
Our plan as sellers is
a 4 hour close below green line we target blue line
a 4 hour close below blue line we target orange line and below ..
we can sell from red line to target green line
for any question feel free to ask :)
Note : RSI price action is very interesting could break in any direction