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CryptoBitcoin (BTC/USD) Going Down – Enter At The Pull Back

Bitcoin (BTC/USD) Going Down – Enter At The Pull Back


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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 InformationPrediction 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 PatternsIndicatorsPrice ActionSupport & ResistanceTrendlines
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

  • Pending order at the 50 percent mark of the Order block zone
  • Low volume with retrace
  • 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

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