$BTC
So, the story we were discussing this morning and the trading plan we laid out has played out about 75%.
- Price retraced to test the contested area below and bounced back with volume.
- Price closed above 62k3 on the M15 chart, but hasn't on the H1 yet. We need an H1 close above 62k3 to confirm the break and push up to 63-64k.
- The CPI news came out just as forecasted, which is positive for the Longs.
- In summary, the scenario has played out 75%. Keep an eye on the price and proactively move the SL into profit or take 50% profit here while waiting for the H1.
- Expecting a bounce up to 64-65. Then we can set up to short above that.
So, the story we were discussing this morning and the trading plan we laid out has played out about 75%.
- Price retraced to test the contested area below and bounced back with volume.
- Price closed above 62k3 on the M15 chart, but hasn't on the H1 yet. We need an H1 close above 62k3 to confirm the break and push up to 63-64k.
- The CPI news came out just as forecasted, which is positive for the Longs.
- In summary, the scenario has played out 75%. Keep an eye on the price and proactively move the SL into profit or take 50% profit here while waiting for the H1.
- Expecting a bounce up to 64-65. Then we can set up to short above that.