Determining momentum couldn't be simpler
If the Bitcoin crosses the 7100 and EMA 100 then we can head towards the 9000 which will surely be an area where the sellers will be located.
7500 will therefore be a battle zone where the best thing to do will be to remain attentive to the evolution of the price of Bitcoin.
If the Bitcoin does not cross the 7100 and corrects below the 6400, then we must preempt the momentum seller and expect a correction around the 5500 or even 4000.
For my strategy which is scalping I remain buyer but I am careful I wait for the break of the 6850 confirmed with a beautiful candle 2h to become aggressive buyer
For daytraders an opportunity will be present if breakage of the 6850 confirmed with a candle 2h also
For swingers it's better to wait for a stabilization around 7100 and break around 7400
In the opposite case, no long term position is recommended because the risk/reward is not interesting.
For a bearish momentum and for scalpers only short positions on important levels, example: the monthly pivot points
One last thing.
The most important thing is to adapt to volatility.
Modify your stop loss according to the current volatility
Good trades !
If the Bitcoin crosses the 7100 and EMA 100 then we can head towards the 9000 which will surely be an area where the sellers will be located.
7500 will therefore be a battle zone where the best thing to do will be to remain attentive to the evolution of the price of Bitcoin.
If the Bitcoin does not cross the 7100 and corrects below the 6400, then we must preempt the momentum seller and expect a correction around the 5500 or even 4000.
For my strategy which is scalping I remain buyer but I am careful I wait for the break of the 6850 confirmed with a beautiful candle 2h to become aggressive buyer
For daytraders an opportunity will be present if breakage of the 6850 confirmed with a candle 2h also
For swingers it's better to wait for a stabilization around 7100 and break around 7400
In the opposite case, no long term position is recommended because the risk/reward is not interesting.
For a bearish momentum and for scalpers only short positions on important levels, example: the monthly pivot points
One last thing.
The most important thing is to adapt to volatility.
Modify your stop loss according to the current volatility
Good trades !
Note
I have #Bullish signal on my #BTC Daily chart todayFor #daytrader, #xbt trend is bullish for me
Yesterday the fighting zone was around 6350.
Important to stay above 6400
#bitcoin > WPP,DPP (Weekly Pivot Point - Daily ... )
Last day of March
#bitmex #bitcoinprice
Note
BTC daily chart Heikin AshiConfirmed Buy Signal ✅
We have many resistances to break out
Daytrader, Scalper - 6500, 6400 and maybe 6350 can be good for us
For Swingtrader, patience
Note
#Bitcoin DailyFor Swing - SL 6650 - TP 7900
Sto - Bullish
Bollinger - Bullish
100 EMA 7700
The best thing to do is to wait to consolidate towards this level before taking a swing
It's not impossible to reach in a few days 9000
#BTC
Note
Swingtrading - Secure your trade take 50% of your positionSL - 7040 - TP2 7900
DayTrading - If we go back to 7100
Knowing how to take a profit is as important as putting a stop loss.
Note
#Bitcoin ⚠️Momentum Bullish
But is not impossible to retest 7000 zone
If we break 7400, then my plan is still the same
Note
#Bitcoin 👌overselling ?
Better to wait -> 6700 MPP
Note
Bitcoin DailyStockMarket will give us a direction for this week
Important level - 6542 + 6500
Support - 6200 - 6000 - 5800
Resistance - 6900 - 7100 - 7300
Mid term BULLISH if we stay above 7000
Mid term BEARISH if we stay below 6700
Currently BTC -> Range 6700 -7400
Well, remember, the path is simple, it's us who are complicated.
#Bitcoin #Trader #Financialmarket #Bitmex #PrimeXBT
ftx.com/
#Bitcoin #Trader #Financialmarket #Bitmex #PrimeXBT
ftx.com/
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.
Well, remember, the path is simple, it's us who are complicated.
#Bitcoin #Trader #Financialmarket #Bitmex #PrimeXBT
ftx.com/
#Bitcoin #Trader #Financialmarket #Bitmex #PrimeXBT
ftx.com/
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.