Simple setups which are almost *obvious* are often the best ones.
One of the simplest and yet most powerful setups is entering on a pullback in a trending market.
Here we see an example of a pullback forming in an uptrend for the coin FTT (on the BTC pair).
A) THE ANALYSIS
FTT is the exchange token for the FTX exchange. Here is what I see on the H4 timeframe...
The Nifty index is at a crossroads - the latest monthly candle that is forming looks really weak (so far).
It is at the precipice of a 10+-year-old ascending trendline, and at a key level (9000).
If the trendline and the 9k level breaks impulsively upon monthly close, then we're talking 6k next.
But as it is such an important level, expecting at least some...
In my previous post I outlined how BTCUSD is, as of this point in time, macro bullish.
There is a long setup in the works on the lower time frames that can be taken advantage of, either as a short term trade in itself, or as a potential entry into the macro bull trend.
The Setup :
On the 4-Hour time frame, Bitcoin is clearly consolidating after a bullish...
Hello one and all, just wanted to share my view on how the BTC price chart seems to be telling me right now.
A few things at the outset:
1) I strongly believe a top down approach is critical for all traders, even for those trading on the lower time-frames
2) This analysis is just a snapshot in time as of this day : depending on how price action develops, the...