Bitcoin Hits All-Time Highs! 📈 Trade Breakdown Using Fair Value Gaps!

So, Bitcoin this morning is at all-time highs. Wow, it is exploding. Look at this thing. We’ve been talking about Bitcoin for weeks, and it finally hit its final target. See? Final target. Okay, remember we’ve been taking longs and looking at this for weeks now. Originally, we had this inverse fair value gap, and we always had this target—right here. What we’ve been doing on Bitcoin is just using these weekly fair value gaps to trade from internal to external, internal to external, then internal to external on the weekly.

So, coming into today—and if anybody read the report this morning—we talked about how we had this one-hour fair value gap, right? So we were looking to play this one-hour fair value gap from internal to external. Where’s external now? External would be that high we just made. Okay, so let’s go down to a five-minute chart. What did we get? We got manipulation with an inverse fair value gap. We took out all this liquidity. We took out this liquidity, we inversed the fair value gap, we were able to get long, and then price just exploded into that final target right there—and even higher.

Now, when you get to all-time highs, there’s nothing to the left, obviously, to judge. So the way I usually do it is that when we get to external, I let one candle close. When we got to external here, if you notice, one candle closed—we didn’t get any extension over it. But here we did. See this? See this displacement above? That means the market is accepting higher prices here, and that way we know we’re going to extend higher. When we did it the first time at this level, price got rejected—it was not accepting higher prices. That’s why we had a retracement. But that just gave us a better reason and a better position to go long.

I love Bitcoin. Bitcoin’s great. Very clean. You have weekly charts here—just look how nicely we’ve gone from internal to external, to internal to external, from internal to external. When you have a bias like that, you can now go into the correlated lower charts—like on a daily—and play these levels, from internal to external, and then go on to the 4-hour charts and have the same setup.

The first touch of this external high on Bitcoin got rejected. Let’s go down to a lower time frame chart—we see it better. The first touch of this high got rejected, but the second is displacing above. So now we can start using these hourly and 4-hour fair value gaps that it’s creating for entries to day trade off of.

Hey everyone, it’s Dale here. I hope you enjoyed the video. If you’d like to trade alongside me and our team of prop firm funded traders every day, then click the link below the video and hop aboard. We’re looking forward to trading with you.