BITCOIN ($BTC): Halving Bulls. Can't Stop? Won't Stop?
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The Bitcoin halving is only a few days away, and these bulls just keep sending it.
Here is our plan for what happens if we keep ripping, and what happens if traders start talking the halving too literally hitting the sell button.
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1. Fractal Trend is signaling an uptrend (Blue bar color), so let's look for a long setup.
2. With the strategy, we allow long setups in an uptrend with our entry being the retest of a previous S/R that has flipped and been validated by Directional Bias OR an orderblock plotted by Orderblock Mapping.
3. If we move to the upside, we will be looking for a retest of R1 - R4 and a pullback to open a long position with a general target of the R5 cluster.
4. To the downside we will be looking at S1 - S3 for reactions, although there is a chance we will have lost the uptrend if we start heading that way and may even begin looking for short positions using the inverse of the strategy noted above (if we see Maroon bar color, we will look for a retest of resistance to go short).
Drop a requested Ticker in the comments and we will be sure to take a look ✔️
Like & Follow to help the community grow! 🎉🎉
---
The Bitcoin halving is only a few days away, and these bulls just keep sending it.
Here is our plan for what happens if we keep ripping, and what happens if traders start talking the halving too literally hitting the sell button.
---
1. Fractal Trend is signaling an uptrend (Blue bar color), so let's look for a long setup.
2. With the strategy, we allow long setups in an uptrend with our entry being the retest of a previous S/R that has flipped and been validated by Directional Bias OR an orderblock plotted by Orderblock Mapping.
3. If we move to the upside, we will be looking for a retest of R1 - R4 and a pullback to open a long position with a general target of the R5 cluster.
4. To the downside we will be looking at S1 - S3 for reactions, although there is a chance we will have lost the uptrend if we start heading that way and may even begin looking for short positions using the inverse of the strategy noted above (if we see Maroon bar color, we will look for a retest of resistance to go short).