BTC Swing Trade — High-Quality Setup in Progress
Good trades don’t come every day —
but high-quality trades are worth waiting for.
Planning > Patience > Precision
From a higher-timeframe perspective, price is currently in a corrective phase, and a move toward the 38% Fibonacci retracement remains a high-probability expectation once the correction completes.
I have been tracking this setup for nearly a month. While an entry is technically possible at current levels, I am deliberately waiting for a more precise entry to achieve a better risk-to-reward profile. Without a high R:R, I have no interest in taking a swing position.
The 86,863 level stands out as a well-defined support zone. As long as this level holds, the probability favors a continuation toward 95,835. This remains a high-quality setup, based on my experience and strict trade-selection criteria.
I trade swings selectively. While I remain active on lower timeframes, higher-timeframe trades must meet a much higher standard. If conditions are not optimal, waiting is the correct decision.
On the 4H chart, price has already initiated a corrective structure. Whether sooner or later, a test of the 38% Fibonacci level remains likely. Even if the setup is delayed or temporarily invalidated, the broader structure suggests this level will be revisited in the coming weeks.
Additionally, price action has clearly changed character:
The prior bearish trend has been broken
A successful retest has already occurred
Candle behavior confirms a shift in market structure
This setup is not about prediction — it is about location, confirmation, and patience.
source https://www.tradingview.com/chart/BTCUSDT/Rtow88Xx-BTC-Swing-Trade-High-Quality-Setup-in-Progress/
No comments:
Post a Comment