BTC โ my plan for today ๐
$BTC is currently trading around $64K.
Iโm not looking to enter just after a strong impulse.
My logic is simple:
1๏ธโฃ First, price should take significant liquidity on the left.
2๏ธโฃ Then I wait for direction confirmation via a strong impulse move.
3๏ธโฃ After the first impulse, I DO NOT enter.
I wait until a trading range (consolidation zone) forms.
4๏ธโฃ Then I want to see price return to this zone and a second liquidity sweep.
5๏ธโฃ And only after confirmation on the 1โ5M timeframe do I consider an entry in the direction of the trend.
So today for me:
liquidity โ impulse โ consolidation โ repeat liquidity sweep โ entry.
If the structure doesnโt form, there will be no trade.
I donโt want to guess where BTC will move.
I want to wait for my model.
And do you trade the first impulse, or do you wait for a pullback into the zone?
$BTC #bitcoin #trading #PriceActionAnalysis