📊Bitcoin's Range-Bound Rendezvous: this is my next trade!1/3/24
📊 Dive into the world of Bitcoin as it gracefully dances within its current range! 🕺 We've observed Bitcoin forming a range within a range, and our keen eyes are fixed on the extremes of this range for our next scalp plays. 🔍✨
But patience is our virtue as we await the crucial confirmations before making our move. What exactly are these confirmations, you ask? It's all about observing Bitcoin's behavior, particularly on the 5-minute timeframe. We're looking for a shift from printing higher highs and lows to lower highs and lows. 📉📈 Once we spot this change in structure, we'll be ready to pounce on the retracement of the break.
And remember, risk management is key! We won't be risking more than 1% of our bag on any trade. Why? Because slow and steady wins the race in this volatile market. 🐢💰
As we gear up for the weekend, keep a close watch on these levels while you're enjoying some downtime with loved ones.
I'll catch you all on Monday for our next market update. Until then, trade wisely and enjoy the weekend! 🚀📈
But patience is our virtue as we await the crucial confirmations before making our move. What exactly are these confirmations, you ask? It's all about observing Bitcoin's behavior, particularly on the 5-minute timeframe. We're looking for a shift from printing higher highs and lows to lower highs and lows. 📉📈 Once we spot this change in structure, we'll be ready to pounce on the retracement of the break.
And remember, risk management is key! We won't be risking more than 1% of our bag on any trade. Why? Because slow and steady wins the race in this volatile market. 🐢💰
As we gear up for the weekend, keep a close watch on these levels while you're enjoying some downtime with loved ones.
I'll catch you all on Monday for our next market update. Until then, trade wisely and enjoy the weekend! 🚀📈