BitcoinLong
[BTC-USD] BITCOIN simple short term strategy
This is the 4 hours graph of Bitcoin, the price is making a double top in the resistance's zone at about 9000$.
If it will overtake the resistance we could find an optimal entry point, but we must have 3 condition:
- Price must be above the moving average, (in this case 21 period)
- Volumes must reach the target zone
- Volume's moving average 21 period (orange line) must overtake the 50 period (blue line)
In the picture below there is a little sample of this setup, with entry point/stop loss levels:
If it will overtake the resistance we could find an optimal entry point, but we must have 3 condition:
- Price must be above the moving average, (in this case 21 period)
- Volumes must reach the target zone
- Volume's moving average 21 period (orange line) must overtake the 50 period (blue line)
In the picture below there is a little sample of this setup, with entry point/stop loss levels:
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