As we can clearly see on BTC/USD, recently we can identify the the structure of the market is to the up side, we can identify highs and lows in an uptrend. Price created highs and lows and fail to create new highs after the higher low was created. Price broke below our major higher low key level, and now indicating strong bearish pressure. Wait for price to break...
We never want to trade when the market has not identify a clear directional bias. We want to wait for a clear directional bias indicating a strong momentum to the up side or to the down side. We want a break of structure above or below. Patients is the name of this business. We want to see a push phase to the up side or the down side followed by an exauction or...
As you can see on the UC, you will notice the candles get smaller in between the R/S. They are called build up. Waite for breaks out in between. Once price break through R/S you can look to long or short. As for me am going long once price breakes above. This is my opinion, you can do your analysis. Please support with like if you find it useful.
Price is currently testing and respecting the trendline support, price will likely break out and is likely to take a short position. Please support this ideal with like. Trade at your own risk, this is not a financial advice, but for educational purpose.
