Bitcoin – my intraday trade revealed!
Updated
Hello, everyone!
The mid-term analysis for the Bitcoin remains the same, I expect the correction to $20500, but it does not mean that we can’t use the intraday trading opportunities. I expect the last leg up and am going to explain you why.
On the 4h time frame
BTCUSDT chart we can notice that the price is still above the Williams Alligator indicator, it means that the overall bias is still the bullish. Moreover we have the clear signal – the green dot under the candle. This is my hand made indicator which make it easy to reveal the Awesome Oscillator long signal. If the price will break the high of this candle it confirms the bullishness.
We have to buy only at the breakout, therefore I placed the conditional buy order at $23103. This is not only one argument, this signal is located above the red line of Alligator. Moreover on the 1h time frame there is a up fractal, which is also the key level, which breakout could bring the price at least to 24k, but after that the anticipated dump is about to happen.
Best regards, Ivan
________________________________________________________________________________________________
If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
The mid-term analysis for the Bitcoin remains the same, I expect the correction to $20500, but it does not mean that we can’t use the intraday trading opportunities. I expect the last leg up and am going to explain you why.
On the 4h time frame
BTCUSDT chart we can notice that the price is still above the Williams Alligator indicator, it means that the overall bias is still the bullish. Moreover we have the clear signal – the green dot under the candle. This is my hand made indicator which make it easy to reveal the Awesome Oscillator long signal. If the price will break the high of this candle it confirms the bullishness.We have to buy only at the breakout, therefore I placed the conditional buy order at $23103. This is not only one argument, this signal is located above the red line of Alligator. Moreover on the 1h time frame there is a up fractal, which is also the key level, which breakout could bring the price at least to 24k, but after that the anticipated dump is about to happen.
Best regards, Ivan
________________________________________________________________________________________________
If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
Trade active
Trade has been activated!Trade closed: target reached
Closed in profit.
Get access to private PineScript strategies and turn script alerts into orders at your exchange account with easy-to-set up bots
Get free alert bot:
skyrexio.com
Get free alert bot:
skyrexio.com
Related publications
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.