The 1. Chapter of BTC - A Path between fire and water

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Two scenarios. One Long. Two Short.


Fundamentals:
-


Scenario 1 (Orange arrow)

Target: Next resistance level (upper red rectangle)

Requirments:
- retake of first resistance level 1 (red line)
- generating higher highs on the 1 hour chart after retake

Invalidation / SL:
- Fall under first resistance level 1 (lower red rectangle) after retake AND generating lower low swings on the 1 hour chart

Time duration: days, weeks, months, years... ;)


Scenario 2 + 3 (blue arrows)

Target: Next support level (upper red rectangle)


Requirments:
- retake of level 1 (red line)
- break under level 1
- engage on lower swings

Invalidation / SL:
- No break above it
- No lower swings

Time duration: days, weeks, months, years... ;)


Good luck

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ملاحظة

Price above level 1