BTCUSDT POSSIBLE SCENARIOS

BTCUSDT POSSIBLE SCENARIOS

BTCUSDT currently in a range or sideway trading and a breakout is imminent .in addition BTCUSDT is due for a pullback

if price breaks below the red line and closes
below the zone or 49225.01 ,then the pullback will probably be deeper down to the next zone at 40245. RSI must be below 50 and should confirm sell entry with candle pattern (preferably a candle with an up wick)

Possible bullish scenarios :

if price breaks below the red line and pullback into the zone and sweeps the zone low with a wick but dose not close below 49225.01.

If price breaks and closes above the blue line , then the trend will continue. RSI must be above 50 .long entry should be take after a short pullback and must be confirmed with candle pattern ( a candle with a low wick ) .exit a trade when a divergence is formed .



You can also use Chaikin OSC (above/below 0 level ) and divergence along with candle pattern to confirm trend change or breakout

Goof LUck

Comment:

4H Inside bar or candle is formed . The classic entry for an inside bar signal is to place a buy stop or sell stop at the high or low.

Good LUck

Comment:

Watch out for the mother candle on Feb 23rd @ 20 UTC

Comment:

Mother candle on Feb 23rd @ 20 UTC was broken up and target reached . This ideas still valid for the big breakout (red and blue levels)

Trade closed: target reached:

Another successful breakout and target reached . two 4h candles formed 2 big FVG and RSI is overbought so there a chance of a pullback .I CLOSED 100% and took my profit .

Good Luck