BTC bearish scenario

As shown in the chart below , we are waiting a bearish scenario to form from the mentioned zone .

how to trade this scenario ( main conditions and procedures ) : 

  • stops must be purged above that mentioned high ( stops for sellers , pending orders for buyers )
  • we must see a dynamic price action from this zone after first step finished.
  • wait for new low to be taken
  • wait the retracement for the last wave formed ( 50% or above )
  • have your short with sl above the new high formed and target the lows shown on the chart

use your ” money and risk ” management – plan 

close partials as the price moves in your Favour 

swing trades need a long time so be patient

if this analysis helps you plz let me know by adding a comment below the post

[caption id=”attachment_9784″ align=”aligncenter” width=”300″]BTCUSDT 2023 04 11 04 51 05 BTCUSDT 2023 04 11 04 51 05[/caption]

Ali-mahmoud-hammoud65
Ali-mahmoud-hammoud65
CEO of forex intelligence academy Trader and analyst in financial market 8 years experience
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