Possible BTC playout?
If we break the marked zone with an upward trend, wait for atleast seven candles confirming the uptrend on the 15 min chart.
Buy at market with TP for 48k and 49k zones.
DO NOT SET FURTHER TP AT 50k.
When the market does go beyond 49k it will be in a state of constant "flush." This can be confirmed by multiple candles "wicking" on the 5 and 15 min time frame.
Wait for it to retest the 47-48k level and then set a new trade with TP at 49k, 50k and 51k.
If we break the marked zone with a downward trend, Sell at market with TP for 45k and 44k.
DO NOT SET FURTHER TP at lower levels. My bet is that the market will consolidate at these levels, new buyers will come in and we should get back to an uptrend.
Buy at market with TP for 48k and 49k zones.
DO NOT SET FURTHER TP AT 50k.
When the market does go beyond 49k it will be in a state of constant "flush." This can be confirmed by multiple candles "wicking" on the 5 and 15 min time frame.
Wait for it to retest the 47-48k level and then set a new trade with TP at 49k, 50k and 51k.
If we break the marked zone with a downward trend, Sell at market with TP for 45k and 44k.
DO NOT SET FURTHER TP at lower levels. My bet is that the market will consolidate at these levels, new buyers will come in and we should get back to an uptrend.
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