Market is currently sitting at a major Demand area.
My idea is that, This demand area provided the push that gave us one of our biggest BTCUSD price. So i do feel a lot of buyers are sitting in this area( Bullish Pressure )
I'll be looking to enter once chart can give me buy pattern(i.e Double bottom). (First Confluence)
Market needs to break my trendline impulsively as well as my key level. (Second confluence)
I'll be waiting for market to give me momentum before I enter my trade. (i.e Bullish engulfing candle) (Third confluence)
Three confluences= Trading Opportunity
I'll be targeting my trendline drawn on Daily timeframe. Trade will be managed further from there.
My idea is that, This demand area provided the push that gave us one of our biggest BTCUSD price. So i do feel a lot of buyers are sitting in this area( Bullish Pressure )
I'll be looking to enter once chart can give me buy pattern(i.e Double bottom). (First Confluence)
Market needs to break my trendline impulsively as well as my key level. (Second confluence)
I'll be waiting for market to give me momentum before I enter my trade. (i.e Bullish engulfing candle) (Third confluence)
Three confluences= Trading Opportunity
I'll be targeting my trendline drawn on Daily timeframe. Trade will be managed further from there.