Trade idea for $BTC ?
So as of yesterday’s daily candle closer BTC broke the uptrend and made a Change of character (CHoCH).
Right now there is a lot of fear and panic in the market
And what ever decision we make NOW we will end up loosing money for sure.
So my plan is simple, if we are now in a true downtrend we will continue moving down but first there will be a small pump to make a lower high.
Preferably i will like it to make the lower high around my support/resistance around the 66000 area.
If i see any rejection on the 66000 area where there is also liquidity sitting from the people shorting i will definitely wait for the liquidity to be swept and then enter a small short position aiming for my other support/resistance which is around the 60-61000.
Stay safe trust your analysis and always do your own research.
I created a system with some criteria that need to be met for me to enter a trade which makes it a high probability trade. !
