BTC price currentl moving down towards a big support level that generated the last ATH.
I marked 3 Zones where i will buy equally amounts for a long term hold. Target is the orange rectangle (Target Zone).
Favorite Zone is Buy Zone 1 as it has a nice confluence with the 50% of the current range and as mentioned above its from where the last ATH (all_time_high) was created from. Its where my biggest buy orders are placed.
Reason for the target zone is that BTC in my expierence likes to create engulfed tops / bottoms and retests them before further movement.
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
I marked 3 Zones where i will buy equally amounts for a long term hold. Target is the orange rectangle (Target Zone).
Favorite Zone is Buy Zone 1 as it has a nice confluence with the 50% of the current range and as mentioned above its from where the last ATH (all_time_high) was created from. Its where my biggest buy orders are placed.
Reason for the target zone is that BTC in my expierence likes to create engulfed tops / bottoms and retests them before further movement.
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)
Trade active
1/3 position filledNote
2/3 position filled (i placed 3 orders at the top, center and bottom of buy zone 1Note
3/3 was filledNote
Price approaching buy zone 2Note
Again 3 orders placed at the top, center and bottom of buy zone 2Note
Postion 3 of 3 filled at buy zone 2
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.
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.