Bitcoin Long Position Entry
Updated
Hello, im a 19 year old who has been around btc since like 2014/2015.
I am still bullish on btc and believe we will hold the 40K level.
Currently we are starting to break out and to the upside.
The 4hr chart is looking very promising. The macd is about to flip and rsi levels are over sold and are rising.
Along with the bullish signals we also are standing on huge support (40-42k)
My long trade was entered at 42,805 and we are currently at 42,980.
I longed 1600USDT worth, currently $7 in profit
My goals for the short term are:
The other numbers are what I would profit from these trades. btc/usd
TP1: $46,500 (+0.0031//+144)
TP2: $50,000 (+0.0056//+280)
TP3: $55,000 (+0.0086//+473)
Another Idea would be not cashing out at all, hoping this is the next leg to new all time highs (100k+)... or using trailing stop.
Lastly if we cant push past 44k and fall below 40K we are most likely going into a bear market for the next few months, maybe going as low as 20k.
I am still bullish on btc and believe we will hold the 40K level.
Currently we are starting to break out and to the upside.
The 4hr chart is looking very promising. The macd is about to flip and rsi levels are over sold and are rising.
Along with the bullish signals we also are standing on huge support (40-42k)
My long trade was entered at 42,805 and we are currently at 42,980.
I longed 1600USDT worth, currently $7 in profit
My goals for the short term are:
The other numbers are what I would profit from these trades. btc/usd
TP1: $46,500 (+0.0031//+144)
TP2: $50,000 (+0.0056//+280)
TP3: $55,000 (+0.0086//+473)
Another Idea would be not cashing out at all, hoping this is the next leg to new all time highs (100k+)... or using trailing stop.
Lastly if we cant push past 44k and fall below 40K we are most likely going into a bear market for the next few months, maybe going as low as 20k.
Note
We just broke back up, around $20 in profit. Probably gonna hold and hope we get 50k tbis week.
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