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All moments › LIVE: Bitcoin BREAKOUT Above $65K?! 🚨 FOMC Week, Ethereum Leads & HUGE Crypto Moves Ahead!

Bullish bias above POC; explains market structure changes and proper stop loss placement for entries.

From LIVE: Bitcoin BREAKOUT Above $65K?! 🚨 FOMC Week, Ethereum Leads & HUGE Crypto Moves Ahead! · jumps to 27:30 · speech

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But yeah, right now like am I bullish as long as we're holding above this POC Yeah, I would I would like to see I think we can see more upside I think that's still most probable and the only way for that to change is a change of market structure now Remember changes of market structure on the high time frame Doesn't necessarily mean short right away, right? If we get a change of structure on the daily time frame, what does that tell us? That tells us We close the candle here. Okay. It's officially now. We made a lower low Which means if we back test now the POC we can look for a short entry Right doesn't mean to short right away because if you're short right away, then where you have to put your stop loss above the last swing Hi, and that's that's you know, or maybe here. That's too big of a stop loss Right wouldn't we rather wait for a back test if we get a back test then we have a nice tight Stop that we can use right so, you know with the higher time frames should be used to gather your bias and Help you figure out what type of trade are you gonna look for?
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