My No.3 Trade Plan Update:

My No.3 Trade Plan and My view on $BTC Price Action:

Currently the price of BTC standing on the 4HR supply zone so, I am not interested to buy at current level. This was one the reasons I had placed my number 2 position take profit order at price $67677.

I am interested to take long position on the following case:

1- Price of #BTC☀ directly go down from current level to my 1HR demand zone which I draw on the chart.

2- Price of #BTC☀️ from current level directly go up and 4HR candle above my red line on the 4HR chart and later on the pullback on the newly created demand area I will be interested to buy.

I will take short position in the following case:

1- I will be only interested to take short position in case the 15M candle close below my greed line on the 15M chart because this will confirm the start of 1HR pullback and will drive the price go down to 1HR demand zone. This will trade will be low quality trade because as far current price action everything is bullish and taking short is very risky.

Note: My last invalidation of being bullish is the green line on the 1HR chart.

#btc70k #tradingtechnique #tradingpsychology
Thanks,
FNSA