Hey guys,

I spoke earlier about when support turns to resistance on the intraday chart and how to trade it. It featured a beautiful Bitcoin setup which was just starting to play out.

Here’s an extract from this morning’s blog featuring that setup.

BTC/USD Hourly

Does it look familiar?

The only difference here is that we haven’t been rejected off higher time frame resistance. But being in the bear market we’re in and the fact price is now back under the most recent breakout level, this could be viewed as being the same.

Mark your levels and trade your levels.

Well throughout the day, price pulled back to retest previous support as resistance and will you look at this:

BTC/USD Hourly

A clean entry with almost zero drawdown. Depending on how tight you set your own stop, you should already have a decent risk:reward ratio running.

Have a great night.

✌🏻.

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