Bitcoin on the daily chart shows a very clear converging triangle. The point where the triangle converges is on the 28th—mark the trend lines yourself, wait for the right-side breakout, and then enter the trade. For the stop loss, you only need the 4H high of the previous completed candle (for shorts) and the 4H low of the previous completed candle (for longs). This is better than constantly tapping the top and bottom and getting stopped out repeatedly. The afternoon 1-minute wick has already told us how poor the liquidity is right now.

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