5hr link:
👁️ OUTLOOK
Crypto: BTCUSD
5hr: Looking at the 5hr we are undergoing re-accumulation. If we take a look at where price is, it is below the 200ema and 50ema barelyt coming up above the 10ema. If we start breaking bullish and price goes above all 3 emas 10,50,200ema'sthen I would happily start looking for longs on BTCUSD and other Top 3 coins like ETH and SOL that follow.
Final Bias: Bullish going through re-accumulation. Needs a bit of time to get above all 3 emas but once it does that I would be happy to follow BTCUSD for long opportunities. Sidelined until it does this..
👁️ OUTLOOK
Crypto: BTCUSD
5hr: Looking at the 5hr we are undergoing re-accumulation. If we take a look at where price is, it is below the 200ema and 50ema barelyt coming up above the 10ema. If we start breaking bullish and price goes above all 3 emas 10,50,200ema'sthen I would happily start looking for longs on BTCUSD and other Top 3 coins like ETH and SOL that follow.
Final Bias: Bullish going through re-accumulation. Needs a bit of time to get above all 3 emas but once it does that I would be happy to follow BTCUSD for long opportunities. Sidelined until it does this..
Comment:
Very important lesson to any beginner trader here. Since my analysis was wrong on BTUSD and price is clearly bearish...guess what? there was NO trade taken because price did NOT meet my analysis on my contest time frame before scaling down to a lower time frame look for entries. Hope this helps!