After examining the bitcorn chart for quite a while today...
I came up with two great setups...
If you follow me, then you already know which one is more likely to happen imo ;)
Anyway guys, just be careful and dont forget to set some stops
For those of You who are still trying to figure out, why we bounced where we did.
For trading You always need confluence, the higher the time frame the stronger the level.
Always start with the big picture and work your way down to a daily plan if You like to trade daily. If You are a swing trader, just do Your analysis on higher term time frames.
This bounce...
My next area of interest for BTC:USD is the red box marked on the chart.
At the moment we are finding resistance at Anchored VWAP from the Corona low and the POC from the last Consolidation range.
In general consolidation under resistance is considered bullish if You see an increase in net longs, open intrest and positive delta.
As all of the media/youtube/twitter...
