$BTC UPDATE for day traders
We had a plan to go long intraday.
In order to pursue this, BTC must reclaim 62.5K at NY open . In order to continue, BTC must reclaim the daily open at 64 K intraday.
As of now, candles are below the daily open, and conditions are not favourable for LONGS just yet .
If said levels are reclaimed intraday, we can resume longs.
$BTC on a very crucial point. On Saylor selling news day, low was $61300 and now War Season 2. Any daily close below $62300 is always inviting more trouble. NY stocks pre-market are red. We will get the opportunity to DCA soon. I will wait for NY open, then share my further plan.
Good morning! 😍😍
Hope you had a fantastic weekend.
Here is the $BTC chart for day traders this week. I have zoomed in on the chart for a better view.
✅ Condition to enter : 4H close above 63999
➕ Condition to size up : In the FVG of the daily candle that breaks 63999
❌Invalidation : 4H break of structure below 62222 (stop loss )
🎯Target : Could go as high as 68k, but we are exiting at 66.5k
📈Can alts be traded ?
Try to only trade very large caps like $ETH , $SOL , $BNB , $DOGE , $XRP.
Touch on speculative coins in the second leg on the chart . Not quite yet .
Hope this answers all your questions .
Wishing you a fantastic week ahead !
Thank you so much for reading !
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