Bitcoin has seen some strong PA recently, running straight through resistance to 45,000. I've been looking for good alt trade opportunities if we got a retrace to FVG targets for Bitcoin. This chart tells us we could potentially be entering a good area for a LINK trade. Recently LINK failed to make a double bottom on the weekly, courtesy of Bitcoin going for some sell side liquidity. Now that Bitcoin's PA is looking more Bullish I feel the retracement entries given from the most recent swing high and low align with other factors of confluence.
Here are some of the MSBs I've observed and traded, I'm watching to see what kind of structure we develop next. Trade with caution especially as we approach key levels of support and resistance.
All the best
Here are some of the MSBs I've observed and traded, I'm watching to see what kind of structure we develop next. Trade with caution especially as we approach key levels of support and resistance.
All the best
Comment:
Bid at .702 filled, I'm playing this with a tight SL as if Bitcoin dips more I think we'll get better entries.