$BTC - bullish scenario idea
I have been seeing a lot something will print two lower highs and start a trendline
Then drop quite aggresively and print a low
Then the market will either break the trendline or get rejected again
Finally deviate that low then push on higher as it wipes out all the stops of the pre-emptive breakout trades
Looking at the HTF's the 1D market structure has flipped to a little uptrend and there is many scenarios this can map out
A close above the 58500 level would be very nice!
There might even be one more flush down to the 1D demand created around 50K looking at the HTF's!
Let's see.....
Then drop quite aggresively and print a low
Then the market will either break the trendline or get rejected again
Finally deviate that low then push on higher as it wipes out all the stops of the pre-emptive breakout trades
Looking at the HTF's the 1D market structure has flipped to a little uptrend and there is many scenarios this can map out
A close above the 58500 level would be very nice!
There might even be one more flush down to the 1D demand created around 50K looking at the HTF's!
Let's see.....