Hey Traders,
I just took some trades on BTC that I wanted to share you guys. I took many intraday scalps today, but couldn't really share them to you guys because the timeframe was too small. However, with this trade, I'm expecting the distribution or reaccumulation that has formed to move lower taking out liquidity before rebound higher, as we've been following a bullish bias for several days. If we do breakdown, then we would be heading much lower, which will allow us to trail our stop and catch a large move on the short. Trading ETh could also be interesting as it's more bearish right now.
As always, like and follow more crypto analysis, and good luck traders!
I just took some trades on BTC that I wanted to share you guys. I took many intraday scalps today, but couldn't really share them to you guys because the timeframe was too small. However, with this trade, I'm expecting the distribution or reaccumulation that has formed to move lower taking out liquidity before rebound higher, as we've been following a bullish bias for several days. If we do breakdown, then we would be heading much lower, which will allow us to trail our stop and catch a large move on the short. Trading ETh could also be interesting as it's more bearish right now.
As always, like and follow more crypto analysis, and good luck traders!
Comment:
Here is trade I took earlier and the lower timeframe accumulations that failed to move price higher.
