Symbol: BTCUSD
Higher Time Frame (HTF): Weekly
Entry Time Frame (ETF): Daily
Strategy: Daily demand at ETF PBL
Status: Waiting
R: 0
Before
In the BTCUSD weekly chart, a significant demand zone, marked by historical buying interest, was bypassed by a rapid price surge, creating an "inefficiency" where the market didn't fully interact with potential buyers; while the price has attempted a return, it hasn't thoroughly retested this zone, leaving this inefficiency, thus a future, deeper retracement to this demand zone is anticipated to trigger renewed buying pressure, presenting a potentially favourable entry point for traders expecting a price rebound.
Narrative
Anticipating a continued price rebalancing of the existing inefficiency, I would like to execute a limit buy order at the nearest daily demand zone, which exhibits a parent/child relationship with other demand levels; although lower demand zones exist, this proximal zone is my primary focus due to its immediate relevance to the current price structure.
Emotions: None.
Management: None.
Notes: None.
Higher Time Frame (HTF): Weekly
Entry Time Frame (ETF): Daily
Strategy: Daily demand at ETF PBL
Status: Waiting
R: 0
Before
In the BTCUSD weekly chart, a significant demand zone, marked by historical buying interest, was bypassed by a rapid price surge, creating an "inefficiency" where the market didn't fully interact with potential buyers; while the price has attempted a return, it hasn't thoroughly retested this zone, leaving this inefficiency, thus a future, deeper retracement to this demand zone is anticipated to trigger renewed buying pressure, presenting a potentially favourable entry point for traders expecting a price rebound.
Narrative
Anticipating a continued price rebalancing of the existing inefficiency, I would like to execute a limit buy order at the nearest daily demand zone, which exhibits a parent/child relationship with other demand levels; although lower demand zones exist, this proximal zone is my primary focus due to its immediate relevance to the current price structure.
Emotions: None.
Management: None.
Notes: None.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.