BTC Bitcoin Long- 4 Confirmations R:R 1:2 Part 1
BTC Bitcoin LONG- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up
1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4 or higher
2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4 or higher
3rd Confirmation: Confirmed engulfing pattern in the direction of the trade starting at the H1.
4th Confirmation: Break of support or resistance in the lower timeframes starting with the 3 minute in the direction of the trade.
1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4 or higher
2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4 or higher
3rd Confirmation: Confirmed engulfing pattern in the direction of the trade starting at the H1.
4th Confirmation: Break of support or resistance in the lower timeframes starting with the 3 minute in the direction of the trade.
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