BTCUSD Potential setup 1:3BitcoinICMARKETS:BTCUSDChahin073I don't usually share any setups anymore. Also threw away the funny harmony strategy which more often than not didn't work. Now going solely with trading where liquidity is heading, that is what the true edge lays in my opinion. Here I expect the price to rise atleast to the 0.5 Fib retracement between the recent swing high and low. Price could also just drop to the target 60k right away without doing a pullback for a short entry. If it does, setup invalidates. I don't like chasing so entering short now is risky and not worth taking a risk for a 1:1.5 RR. Like I said before, price could rise above 0.5 or even above, but I do not expect it to be heading above 0.75-0.786 so that is why the SL is above it. The market bars pattern is just a visually way of how I see the way it moves but market is messy. The price could easily make a double bottom before heading up to my entry range. I put my alerts where my potential entry lays, then watch the market closely when they signal. I don't take limit orders like I did years ago. Seeing price at the entry, and see how it reacts, is what is better for taking trades. Now let's see what's up ahead.