The 1. Chapter of BTC – A Path between fire and water
Two scenarios. One Long. Two Short.
Fundamentals:
–
Scenario 1 (Orange arrow)
Target: Next resistance level (upper red rectangle )
Requirments:
– retake of first resistance level 1 (red line)
– generating higher highs on the 1 hour chart after retake
Invalidation / SL:
– Fall under first resistance level 1 (lower red rectangle ) after retake AND generating lower low swings on the 1 hour chart
Time duration: days, weeks, months, years… 😉
Scenario 2 + 3 (blue arrows)
Target: Next support level (upper red rectangle )
Requirments:
– retake of level 1 (red line)
– break under level 1
– engage on lower swings
Invalidation / SL:
– No break above it
– No lower swings
Time duration: days, weeks, months, years… 😉
Good luck
