Hi Traders,
Looking at BITCOIN (BTC/USD) Today.
We are in the 4-hour time frame.
We have, unfortunately, for now, had that possible V bottom recovery invalidated.
This is because we have broken below the most recent low, so now we are looking for further sell opportunities.
I have highlighted my order block zone in yellow.
I am waiting for the price to retrace back into the yellow zone and then once the price touches the 50 % point inside the zone, my sell order will trigger with targets being previous support.
The previous support structure is the lowest low we have seen for Bitcoin this year.
I’m a crypto bull long-term, but if an opportunity presents itself, I take it.
Remember, no emotions, just strategy. Trade like a robot.
Trade safe out there!
The Vortex Trader
Prediction Analysis Template
| Analysis Overview Information | Prediction Analysis information |
| On what market is this position based (Forex, Stocks, Crypto, Indices, or Commodities)? | Crypto |
| What is the trading position identifier (Name and/or Symbol)? | BTC/USD |
| Is this a Short or Long Position? | Short |
| Would this be considered a Short Term, Medium Term, or Long Term trade? | Medium Term |
| As a Short, Medium, or Long Term trade, which best describes the position (Scalping, Day Trading, Swing Trading, or Position Trading)? | Swing Trading |
| What Time Frame chart is the position based on (1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, Daily, or Weekly chart)? | 4-Hour |
| Depending on the asset, how much do you expect it to move in price or percentage? | From Entry to Target – 2.2% |
| What ratio of risk to reward is this trade/position? Choose your appropriate target(s) | Approximately 4 to 1 Target 2 N/A Target 3 N/A |
| What were the technical analysis tools used? Tick the appropriate boxes; | ☒ Chart Patterns ☐ Indicators ☒ Price Action ☐ Support & Resistance ☒ Trendlines |
| From the technical analysis tools and indicators provided, tick the appropriate boxes for the tools and indicators used to analyze the position; | ☐ Ascending Triangle, ☐ Bollinger Bands, ☐ Candlesticks, ☐ Channel, ☐ Cup & Handle, ☐ Descending Triangle, ☐ Double Bottom, ☐ Double Top, ☐ EMA, ☐ Fibonacci Retracement, ☐ Flag, ☐ Head & Shoulders, ☐ MA, ☐ MACD, ☒ Order Blocks, ☐ Pennant, ☐ Rounding Top Or Bottom, ☐ RSI, ☐ Symmetrical Triangle, ☐ Volume, ☐ Wedge |
Trading Prediction Success Probability Score
FSP ranks the probability of this trade a 5/10
ENTRY SIGNS
- Pending order at the 50 percent mark of the Order block zone
- Low volume with retrace
WATCH OUT FOR
- High Volume on the retrace up to the OB
- Fake-outs
Disclaimer: The FSP probability score is derived from adding and subtracting the positive and negative aspects of the position and is not a definitive sign of how the trade will play out. FSP is not in any way a financial advisor
