#BTC 1D Update
Yesterday’s strong bullish candle covered multiple prior swing highs in the previous structure, which is a hallmark signal of a breakout
Confirm that the black zone has flipped from resistance to support
This means that on the daily timeframe, as long as the close is not below the black zone, price will test upward toward the green line
Due to the market’s extremely volatile movement on Monday,
there is no entry into the structure on the current lower timeframe
Wait for the market to move further before making a plan
$
Yesterday’s strong bullish candle covered multiple prior swing highs in the previous structure, which is a hallmark signal of a breakout
Confirm that the black zone has flipped from resistance to support
This means that on the daily timeframe, as long as the close is not below the black zone, price will test upward toward the green line
Due to the market’s extremely volatile movement on Monday,
there is no entry into the structure on the current lower timeframe
Wait for the market to move further before making a plan
$
