BITCOIN: Inside day, first green day, potential intraday long

30 Ağu

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“Trade setups, not movements”

1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)

• Monday DAY 1 Opening Range
  
• Tuesday DAY 2 Initial Balance
  
• Wednesday DAY 3 (reset DAY 1) Mid Point Week
  
• Thursday DAY 2
  
• Friday DAY 3 Closing Range ✅
  

2. SIGNAL DAY

• First Red Day
  
• First Green Day ✅
  
• 3 Days Long Breakout
  
• 3 Days Short Breakout
  
• Inside Day ✅
  

3. WEEKLY TEMPLATE

• Pump&Dump
  
• Dump&Pump ✅
  
• Frontside
  
• Backside
  

4. THESIS:

• Long: primary, watching for potential yesterday LOD failed breakout for a long trade back either to the HOD of the inside day, and eventually it could go higher back to the breakout traders short from Wednesday. Overall looks like setting up for a weekly dump and pump template.
  
• Short: Not my main scenario, but I can't exclude (depending on the 3 session setup asia, London, NY, a scalp sell high targeting the current LOW
  

Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni