What’s good guys
Above is the 5 minute chart with bitcoin.
This post is about “trading towards a zone”
So price is below the 800ema. But 800ema is far.
So we refer to the 200 ema.
So far bitcoin has yet to achieve a decent adr.
It’s making its way towards the Daily open
Thought process…
“So if I run a short from this zone, where do I get out?
So if they hold the daily open will it spike up as a stop run, do I keep my risk whilst this is happening”?
So you come to an understanding you run a short,hypothetically…you know where u would close the trade. (Price closes above 200 ema and green vector shows it’s hand)
You trade towards the green vector wick.
This is how I would address a potential play.
Mad love
T
