BitcoinLong
BTC Bullish?? I am - are you? Need to complete the H&S for conf
Updated
Hi, I'm have to tell im again bullish on btc in the coming weeks.
Why- Here are some reasons:
1: I expect that we now take a new attempt at 6800 and this time if it will be done to complete the inverse head and shoulders, then it's a very bullish sign and it also gives confirmation that we are now in a "bear" bullish trend
2:Btc currently trying to break 6380-6410 resistance which is median in 20 days bb
3:If BTC can now break and find support at 6400 then it will go for the next attempt on resistance on 6800.
6800 is also 20 days bb resistance and if it manages to get through it is the next target 7400 \ 7500 as it is 100 days ema
4. We keep finding support on 50 bb and its rises upwards on the macd indicator I use, that should meen the price will increase upwards for upwards momentum.
My entry: Enter 6100 \ 6300
My stoploss: 6040
EasyX Community:
-Community who help each other as good as possible, but especially the most recent ones who need to learn from someone who has already learned.
-We believe that sharing knowledge and learning from each other is the strength of success.
-Follow my trades with updates in the discord or on the website.
-In numbers the are strength
https://www.EasyX.info
-Gladly join the Discord Community with Daily News, Charts And Basic TA ( More to come )
-You are welcome. :) discord.gg/zy5mApx
Why- Here are some reasons:
1: I expect that we now take a new attempt at 6800 and this time if it will be done to complete the inverse head and shoulders, then it's a very bullish sign and it also gives confirmation that we are now in a "bear" bullish trend
2:Btc currently trying to break 6380-6410 resistance which is median in 20 days bb
3:If BTC can now break and find support at 6400 then it will go for the next attempt on resistance on 6800.
6800 is also 20 days bb resistance and if it manages to get through it is the next target 7400 \ 7500 as it is 100 days ema
4. We keep finding support on 50 bb and its rises upwards on the macd indicator I use, that should meen the price will increase upwards for upwards momentum.
My entry: Enter 6100 \ 6300
My stoploss: 6040
EasyX Community:
-Community who help each other as good as possible, but especially the most recent ones who need to learn from someone who has already learned.
-We believe that sharing knowledge and learning from each other is the strength of success.
-Follow my trades with updates in the discord or on the website.
-In numbers the are strength
https://www.EasyX.info
-Gladly join the Discord Community with Daily News, Charts And Basic TA ( More to come )
-You are welcome. :) discord.gg/zy5mApx
Trade active
Btc did as we expected, lets now see how high it will go before we get a retrace!I am setting my stoploss in support on 20days bollinger bands witch is around 6618$ atm. If we drop under this support line I then think we can get it again to a lower price
Moving my stoploss to 6% gains: 6608$
Trade active
My first target is now reached!Setting up my trailing stoplimit here at the spike. Want to sell out as high as possible before we take a retrace back to 6850 again.
A trailing stop order (sometimes called a trailing stop limit order) is a type of stop-loss that automatically follows your position if it earns you profit. This can make them a useful addition to your risk management strategy – if your position moves favourably but then reverses, a trailing stop can lock in your profits before closing the trade.
Hope there are more who have enjoyed the last few days in the market.
Happy trading!
Trade closed: target reached
My stoplimit got trigged on 20% gain this time! I will wait for a new entry.Trade closed: stop reached
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