📈Quick BTCUSDT Setup using Bollinger Band📉

Updated

BTCUSDT
BTCUSD
Hello Traders.

In this setup, our goal is to enter a buy or sell position based on price movements next to the middle line of the Bollinger band and pitchfork.✍
The price reacted negatively when it first touched this line and is now trying to stabilize above the middle line of the pitchfork.✍
The stabilization of the price above the pitchfork and its crossing of the middle Bollinger line starts the bullish scenario.✍
Otherwise, the downward scenario begins.✍
Tip: The 4-hour trend is still strongly bearish and there is a possibility that the price of Bitcoin will reach $69,000 and then fall again. Keep in mind, along with Bollinger, it is also important to analyze the overall structure of the trend in your timeframe.✍

Which scenario do you see as the winner in the current structure?💥

My Structural Analysis: The market will experience a bullish retracement and then return to low support levels.

Trade closed: target reached

💥
As I mentioned before:
The market will experience a bullish retracement (SWB:69K) and then return to low support levels.✍
Were you able to use the above analysis and my advice?
Please leave a comment.

Trade closed: target reached

The downside scenario was realized as the previous scenario.🎯

Note

Another quick position.💥
The risk of this position is semi-low. The market volume is calm until Monday and the purpose of this analysis may not be realized quickly.✍
Stops and targets are specified in the chart.✍
Bollinger and RSI are used in this setup.✍

Trade closed: target reached

TP1 reached💥💥💥
Please risk-free your position.✍

Note

Check out my serial analysis on BTC in the caption of this post.
Full TP✅💥.

CrazyS

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