BITF - Long / Buy Entry

٧ مارس ٢٠٢٤

Looking for an entry here on the pullback to get in sync with the bullish narrative of BTCUSD .

٧ مارس ٢٠٢٤

تم فتح الصفقة

Entry = $2.38
SL = $1.01

Additional entry @ $1.90 if price doesnt reverse. Hence why we are keeping a wide SL.

٨ مارس ٢٠٢٤

ملاحظة

Buy Stops taken on yesterdays high @ $2.70

We now have a MSS (Market Structure Shift) / SMS (Shift in Market Structure).

First target is the $3.90 Short-term High 🚀

٨ مارس ٢٠٢٤

ملاحظة

If you missed the entry yesterday at $2.38.

Entry = $2.62

١١ مارس ٢٠٢٤

تم إغلاق الصفقة يدويًا

I would recommend closing here at $2.38 BE (break-even)

We will look to enter again lower...

١٢ مارس ٢٠٢٤

تم فتح الصفقة

Looking for a new entry here @ $2.29
Assming this will be the "Tuesday Low of the Week"

١٢ مارس ٢٠٢٤

ملاحظة

We will keep the same SL @ $1.01
Otherwise you can use a closer SL @ $1.90 low.

Im not seeing much follow through on this new entry, and may collapse the trade at BE again...

١٣ مارس ٢٠٢٤

ملاحظة

BITF looking good this morning...

Buystops at $2.44 will give us a MSS.

١٤ مارس ٢٠٢٤

ملاحظة

Price has ran Tuesday's low taking sellstops, and has traded into that +OB. Equal highs above us remain from this week.

Ideally we should see a good reaction from the +OB, otherwise $2.11 is the next downside target to add to your position if you are TCA (dollar cost averaging).

١٤ مارس ٢٠٢٤

ملاحظة

No reaction... expect lower prices as mentioned above.

١٤ مارس ٢٠٢٤

ملاحظة

After-hours trading is showing good reaction. I will consider our MSS here, and assume price will continue back up to the equal highs at around $2.45 - at that point we will have a Break in Market Structure (BMS)

٢٢ مارس ٢٠٢٤

ملاحظة

Great movement on BITF this week - What we were expecting:

Buystops above $2.45 were tagged, finally giving us that BMS (break in market structure).

Thursday (today) I believe is the high of the week. No further expectations for Friday. We will expect higher prices continue next week.

We did get price trading into the $2.11 as mentioned. If you added or your limit was hit, happy days.

٤ أبريل ٢٠٢٤

ملاحظة

Since the last update I gave, we saw price run those Equal lows and finally run that old low of $2.10.
The reaction from there was good - but we saw price once again run that $2.10 again this week.
Higher prices now? Looks like it...

٩ أبريل ٢٠٢٤

أغلقت الصفقة: تم الوصول لوقف الخسارة

At this time id expect a run to the $1.90 Low.
Close your position early if you dont want your Stoploss hit - otherwise DCA at or below the $1.90 Low.


Closing this trade idea here...