Update of $BTC scenario 1 confirmed!
Good morning Crypto nation! The daily candle hasn't closed yet, but it's a good time to update.
Yesterday I mentioned that we needed to see a breakout with a candle body in the area to confirm; however, it wasn't the right moment to open trades. We needed to see the price develop.
Currently, we are less than $1000 away from a new high, which would produce a "Break of structure" of the current daily and weekly structure.
The trades I would prioritize are:
Short in the area of 73,800 once the daily candle closes, and on the other hand, long in the retest area. Ideally, it should not cross the previous high at 69,500 to continue with the aggressive momentum.
If it drops more, that would be excellent because we can push the short a bit further and look for a larger long. In any case, there’s no rush; we need to wait for the closes and let the structure confirm the most likely scenario.
Clarification: As I mentioned in another post, my strategy consists of proposing possible scenarios and discarding them as the price develops. Once confirmed, I look for trades with low risk. That’s why I always emphasize, let’s wait for the daily close to make decisions.
The Crypto Citizen signs off!
