Marvelous M
Marvelous M 2 minutes reading from Bitcoin

Altrader.com – Bitcoin Price Update

Why I took a lower time frame short on BTC.

Thread 🧵

1/

Fair value gap and bearish order block created after a high volume drop that takes out previous lows.

This zone automatically becomes an area of interest for me afterwards.

2/ I wait to see how price reacts at the zone.

On the H1, price fills the FVG and taps the supply zone.

Price forms a bearish pattern in a bearish zone.

Now I look for more confirmation for a possible trade.

3/

RSI bearish divergence on the M30. Confirms my bearish bias.

4/ Go down to the lower time frame to look for a possible entry.

Liquidity raid and break of structure to the downside, entry confirmation.

5/ Entry made at retest.

6/

Price drops to 1st target, stops moved into profit.

If the market changes from here, I'm safe.

This is a thread of all my Educational threads. Do well to study them.

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This post is based on this twitter thread.

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