Analysis
We got 7 green candles on the daily
We got a bullish engulfing on the weekly
We got a breakout (rejected ATM but we broke it still) of the downtrend (from 13.9 to 9k)
We got a nice golden cross on the 3d
We got a lot of bullish signs going on
So I'd like to be bullish here
But somehow we r back in the downtrend so as long as 13.2 is not broken I can't call it 100% bullish
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This trade is a 6/10 risky
But the R:R is too good to ignore it
Entry : above 12350
Take profit : 13k , if BTC manage to break the résistances (13.2) then I'll target 18k , 22k , 28k
Stop-loss will be 12100$
If u wanna know why my stop-loss is so tight ...
1) when BTC is in a movement like this one the breakout of the lowest top (12250 approx) should be a huge 500$ candle .
2) If we don't get that on the 4h next to the breakout then the breakout might be a faked one so I'll have a tight stop-loss to prevent from bear trap .
DAILY :
Leviatha_capital_partners
Menahem Sultan
We got 7 green candles on the daily
We got a bullish engulfing on the weekly
We got a breakout (rejected ATM but we broke it still) of the downtrend (from 13.9 to 9k)
We got a nice golden cross on the 3d
We got a lot of bullish signs going on
So I'd like to be bullish here
But somehow we r back in the downtrend so as long as 13.2 is not broken I can't call it 100% bullish
---------------------------------------------------------------------------------------------------------------------------------
This trade is a 6/10 risky
But the R:R is too good to ignore it
Entry : above 12350
Take profit : 13k , if BTC manage to break the résistances (13.2) then I'll target 18k , 22k , 28k
Stop-loss will be 12100$
If u wanna know why my stop-loss is so tight ...
1) when BTC is in a movement like this one the breakout of the lowest top (12250 approx) should be a huge 500$ candle .
2) If we don't get that on the 4h next to the breakout then the breakout might be a faked one so I'll have a tight stop-loss to prevent from bear trap .
DAILY :
Leviatha_capital_partners
Menahem Sultan
Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.