Have a prior confirmed long on Bitcoin (BTCUSDT). We are looking for potential levels where we may encounter resistance.
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STRATEGY USED: Momentum Mover
Trend Confirmation = Fractal Trend
Entry Signal = Breakaway Scalper
Exit Signal = Breakaway Scalper OR Orderblock Mapping
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DESCRIPTION:
1. We have gotten a long signal from our Momentum Mover strategy as both our Fractal Trend (background Green) and Breakaway Scalper (bar color Red) have a long bias.
2. Areas we would be looking to take profit would be at R1, R2, and R3.
3. The position will be exited at the stop loss if we don't maintain the uptrend.
4. If we do exit the trend via Fractal Trend or Scalper changing from bullish to bearish/neutral, we will be keeping an eye on S1, S2, and S3 for another confirmed long from Fractal Trend and Scalper as those levels all have potential to act as support.
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NOTE: We conduct market analysis on a daily basis from a trend trading perspective using our own in house built tools. If you like any of the content we provide please leave a like and a follow to show your appreciation.
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STRATEGY USED: Momentum Mover
Trend Confirmation = Fractal Trend
Entry Signal = Breakaway Scalper
Exit Signal = Breakaway Scalper OR Orderblock Mapping
---
DESCRIPTION:
1. We have gotten a long signal from our Momentum Mover strategy as both our Fractal Trend (background Green) and Breakaway Scalper (bar color Red) have a long bias.
2. Areas we would be looking to take profit would be at R1, R2, and R3.
3. The position will be exited at the stop loss if we don't maintain the uptrend.
4. If we do exit the trend via Fractal Trend or Scalper changing from bullish to bearish/neutral, we will be keeping an eye on S1, S2, and S3 for another confirmed long from Fractal Trend and Scalper as those levels all have potential to act as support.
---
NOTE: We conduct market analysis on a daily basis from a trend trading perspective using our own in house built tools. If you like any of the content we provide please leave a like and a follow to show your appreciation.
Comment:
Looking good so far reaction off the first level we were keeping an eye on being R1. Going to continue to monitor throughout the day.
Trade closed manually:
After that reaction to R1 we had our Breakaway Scalper signal neutral(gray bar color) which was an exit signal to this long set up so we will look for the next one guys. Stay safe. :)