BTCUSDT, I still looking for another push to test around the trendline before we are going for the last 5th. Anyways, there is going to be a sideway market ahead for an accumulation phase. This may take lots of time. Lets say you have 5th and 1st and the 2nd wave ahead. The 2nd wave correction will be very deep in general. However, I find 17k, the last pivot low the be a very reasonable bottom. Anything dips below that will bounce back very fast.
Personally, I find we will be ranging around 17k - this swing high range possibly 27k for many months. I find the beginning of Q2 to be expectable "at least" for a clear new bull cycle break out. This time prediction is actually from cycle analysis that you may find in my previous chart, i.e. DXY correlation, BTC cycle analysis, and more. Lets see how the market will work itself out.
For setup, of course 20k to anything below that I am absolutely going to buy into my position. The risk should be managed by the capital you put in. If you are trend follower, of course you may just wait till your trend following indicator gives you a signal. I personally have part of my capital doing trend following method in my bot as well.
Good luck!
Personally, I find we will be ranging around 17k - this swing high range possibly 27k for many months. I find the beginning of Q2 to be expectable "at least" for a clear new bull cycle break out. This time prediction is actually from cycle analysis that you may find in my previous chart, i.e. DXY correlation, BTC cycle analysis, and more. Lets see how the market will work itself out.
For setup, of course 20k to anything below that I am absolutely going to buy into my position. The risk should be managed by the capital you put in. If you are trend follower, of course you may just wait till your trend following indicator gives you a signal. I personally have part of my capital doing trend following method in my bot as well.
Good luck!
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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.