Here is an example of the development of the block.
Notice in the “Before Image” Bitcoin had come all the way down towards the 200 ema on the 1m time frame.
The big green vector was the sign that would introduce interest further up…
Looking at the red vector, and trading away from the Peak formation, you would only be looking for longs.
Your entry, which would be deemed as an advanced entry would be at the close of the green vector, although a confirmation candle would be required, I would take the risk and see if i could catch the confirmation candle as the follow-through…Notice though that the confirmation candle did come back down towards the green vector but instantly came back up…
Look for these sort of plays but be mindful, always be sure that price has deviated away from the moving average….
Mad Love
T
