2023 Tradingdesk for Bitcoin

Updated

From now i will have one main idea, and all the ideas as we reach cycle targets for the year will be updated in the thread.

I dont trade short term, keep in mind my ideas are longer term, and its boring.
We wait for the cycles to bottom and we wait once in the trade for the trade to mature.

Fallow, like and boost so you dont miss the updates.

Note

Note

Update march until april:

Current cyclemodel shows that we are getting a short term low and we expect price to rally until mid march. But a longer term bottom is expected in mid April.

On the weekly chart we are a stretched above the 21ma and expect pice to base and the avrage to catchup, before a new up move.

On the daily chart we are at the 21MA and we might get a short term up move until mid march, i dont like short term trading. So focus on the longer term low in mid april-

You can trade BITO, BITI, GBTC or coinbase for the crypto play.

This is our idea for March-April. Will update again for April-June, once this plays out.

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So far everything is going as expected, we fallow the plan.

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So far as expected. 21 weekly MA catching up to price.

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Weekly march-april update:

Our call was a rally mid march for the daily price, it happend but wasnt of any strength. It tested the 21 daily MA and got rejected. We expected the weekly 21MA to catch up to price and it did.

Going forward it will be choppy and ranged bound. A good entry is mid April.
Fallow the plan.

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We expected rally into mid march and it rallied hard because of the banking crises.
Now its stretch above the 21MA weekl an daily and needs to catch up.

We wait for a better entry in april.

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Upate April-May:

Current cycle model show we will correct into mid April.
Price will be choppy going forward. Cycle will find a top in may.

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Made a low early april, and its been sideways, can go higher and test 30000,-

TradingIsNotGambling

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