BTCUSD: Support and resistance Zones for long bias aside short
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Holding K.C Band on the 8h chart, for btc to test upper targets we first must break marked resistance blocks for any continuation to the upside,
we can wait for a break out of block 1 for a scalp , block 2 for a better R.R intra D swing, a break below current support without a wick up back into cahnnel may spell a further retracement into the 25-22k range before upside movements on a larger scale. ,
we may have completed our corrective cycle on a macro level around these price points, simply put you can play this a few ways, wait for a break out of res, Long a high r.r from upper support block with a tight stop or dca ladder under prev wick low, or again wait for break down confirmation into a short swing towards 25-22k long blocks., never oveer trade, always plan and remember to look left ;)
we can wait for a break out of block 1 for a scalp , block 2 for a better R.R intra D swing, a break below current support without a wick up back into cahnnel may spell a further retracement into the 25-22k range before upside movements on a larger scale. ,
we may have completed our corrective cycle on a macro level around these price points, simply put you can play this a few ways, wait for a break out of res, Long a high r.r from upper support block with a tight stop or dca ladder under prev wick low, or again wait for break down confirmation into a short swing towards 25-22k long blocks., never oveer trade, always plan and remember to look left ;)
Anmerkung
12k marks the lower support block <Trade ist aktiv
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