$BTC IDEA💡💡( STEP BY STEP EXPLANATION‼️💯)
I promise you it will be worth your time👀👀🙂
I am going to keep this simple. Price only does this four things- one a a time,
1. CONSOLIDATION 2. EXPANSION 3.RETRACEMENT 4. REVERSAL.
So when we look at the $BTC chart we notice we are at the consolidation phase(As illustrated on the H1 chart below). At this point there are no opportunities because the price is "stagnant" and accumulating Liquidity from both bears and bulls.
Another important factor to consider is the TREND. At the moment, we are Bullish and taking long trades is the best possible decision as it follows the path of "Least resistance". As stated in my previous posts trying to counter trend might works but it usually feels like "Catching falling knives"👀
With all this in mind the question is when do we get a trade? We wait for the next phase which is expansion, which Involves some strong movement towards a POINT OF INTEREST, which in this case should be demand zones( Zones with strong buying pressure). This means we will have to be patient and sit on our hands and wait for price to come to this Daily demand zone as illustrated . When price taps into this POI, we will be ready to enter longs of course with confirmation of strong rejection from the zone. That's it! We keep it simple, execute, manage risk and wait for the outcome, loss or profit rinse and repeat.
Thanks for reading up to this point. Like and follow for future posts like this. Have a Profitable week.📈💯
