BTC - Livermore box set up
Left: BTC daily
-rsi sitting above the top trend line
-pink handle from the cup&handle is shown
-estimated around 105k for the top of the first pump up; this is a rough estimate
-price action took a pause to consolidate
Right: BTC 2H
-nice box consolidation (a la Livermore boxes)
-pop above box on a larger volume candle
-entry for the next leg up; it's a really nice entry spot bc even if it fails, the stop can be put just inside the box
-caveat: crypto comes with inc volatility, especially in shorter time frames
-rsi sitting above the top trend line
-pink handle from the cup&handle is shown
-estimated around 105k for the top of the first pump up; this is a rough estimate
-price action took a pause to consolidate
Right: BTC 2H
-nice box consolidation (a la Livermore boxes)
-pop above box on a larger volume candle
-entry for the next leg up; it's a really nice entry spot bc even if it fails, the stop can be put just inside the box
-caveat: crypto comes with inc volatility, especially in shorter time frames
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