BTC Bull Run 1.22-6.57% 02 14 2023
Updated
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This strategy is also used Live by Green Lion Capital Social Trading on Zignaly.
As projected earlier, the market experienced a reversal after accumulating enough volume for liquidation. I anticipate that the market will witness another bull run to attract more volume this time since many investors believe that we are gearing up for a major bull run as we did not break the 21k-20k zone. However, this is not the case, and based on current market metrics, the ideal target is $23,500.
For this chart, the estimated entry zone roof is $22,056, and there is a potential upward movement of roughly 6% with a +/-1% tolerance. Confirmations have been made on the 5 minutes chart, 3 minutes chart, and through a private chart.
*** Disclaimer: a second non-public chart layout was used to officially confirm this oversold point.
Safe points to take profit:
T1: 1.22%
T2: 2.86%
T3: 4.82%
T4: 6.57%
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT, ETHUSDT, BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP, moving averages, and Fib charts.
Chart Count: 8
3min chart confirmation: white MA crossing up yellow while above lowed dotted white line.
5min chart confirmation: vwap greater than lower dotted white line while with three candle confirmations above the white ma.
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
This strategy is also used Live by Green Lion Capital Social Trading on Zignaly.
As projected earlier, the market experienced a reversal after accumulating enough volume for liquidation. I anticipate that the market will witness another bull run to attract more volume this time since many investors believe that we are gearing up for a major bull run as we did not break the 21k-20k zone. However, this is not the case, and based on current market metrics, the ideal target is $23,500.
For this chart, the estimated entry zone roof is $22,056, and there is a potential upward movement of roughly 6% with a +/-1% tolerance. Confirmations have been made on the 5 minutes chart, 3 minutes chart, and through a private chart.
*** Disclaimer: a second non-public chart layout was used to officially confirm this oversold point.
Safe points to take profit:
T1: 1.22%
T2: 2.86%
T3: 4.82%
T4: 6.57%
Baseline Information:
The strategy used for this analysis takes into account the following factors:
Timeframe: 3min and 5 min
Symbols: BTCUSDT, ETHUSDT, BTCDOWN, and ETHDOWN
Exchange: Binance
Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP, moving averages, and Fib charts.
Chart Count: 8
3min chart confirmation: white MA crossing up yellow while above lowed dotted white line.
5min chart confirmation: vwap greater than lower dotted white line while with three candle confirmations above the white ma.
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
Trade closed: target reached
T1 ad T2 targets reached. T3 and T4 left to go.Trade closed: target reached
All Take profit targets were reached and exceeded.
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.