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Bitcoin trading calls

  • #1,801
  • Jun 30, 9:07pm (3 hr ago) Jun 30, 9:07pm (3 hr ago)
Price hit 57.7k new low and threw in a doji off support.
Couldn't get my entry sell retracement and had less screen time today
It looks like a liquidity sweep
Will consider going long (smaller stake) on an hourly close above 58848 - the red line.
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If you think you can or cannot do it you are correct
  • #1,802
  • Jun 30, 9:39pm (3 hr ago) Jun 30, 9:39pm (3 hr ago)
Quoting Olu
Price hit 57.7k new low and threw in a doji off support. Couldn't get my entry sell retracement and had less screen time today It looks like a liquidity sweep Will consider going long (smaller stake) on an hourly close above 58848 - the red line. {image}
Bought 58946. 500 stop
If you think you can or cannot do it you are correct
  • #1,803
  • Last Post: Jun 30, 10:29pm (2 hr 20 min ago) Jun 30, 10:29pm (2 hr 20 min ago)
BTC rejected the Swing Low (Sw.L) on the 1H chart and printed a W-pattern, breaking the neckline with strong momentum. It is now rejecting the Daily Pivot (DP). I see two scenarios and their probabilities:

  1. Scenario 1 (Bullish Countertrend): If price retests the neckline and the green trendline, it could signal momentary bullish momentum for a countertrend buy targeting Yesterday's Open (YO).
  2. Scenario 2 (Bearish Continuation): Conversely, if price breaks below the neckline and the trendline, and closes a 1H candle below the Daily Open (DO), the downtrend resumes, targeting 57,300 – 56,400.

I'll wait for one of these scenarios to trigger and confirm my entry.

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