THREE positions for BTC
Updated
Greetings everyone,
I apologize for my absence as I was on vacation. In Iran, we celebrate the festival of Nowruz which revolves around the appreciation of nature and the earth's rotation.
Now, let's shift our focus back to analyzing this magnificent coin!
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What happened to BTC before?
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What should we do now? (My prediction)
Step 1: It will touch the FL area and create a long position there. This will involve minimal movement and will only be based on the stop loss.
Entry: $26680
Target: $28200
Step 2: After this, it is expected to reach the trendline as shown on the chart. The target will be dynamic and will depend on following the price and trendline at the moment.
Step 3: Once it touches the QMC and QML, it will initiate a long movement until it reaches the target that I have shown.
I apologize for my absence as I was on vacation. In Iran, we celebrate the festival of Nowruz which revolves around the appreciation of nature and the earth's rotation.
Now, let's shift our focus back to analyzing this magnificent coin!
________________________________________________________
What happened to BTC before?
- It reached the QML.
It started a sharp upward movement after a divergence on the MACD.
It exited the ascending channel, however, not very convincingly.
________________________________________________________
What should we do now? (My prediction)
Step 1: It will touch the FL area and create a long position there. This will involve minimal movement and will only be based on the stop loss.
Entry: $26680
Target: $28200
Step 2: After this, it is expected to reach the trendline as shown on the chart. The target will be dynamic and will depend on following the price and trendline at the moment.
Step 3: Once it touches the QMC and QML, it will initiate a long movement until it reaches the target that I have shown.
Note
detail of step 1:Note
in progressTrade closed: target reached
consider the perspectiveNote
pay attention to this perspective!Trade active
step three activatedTrade closed: target reached
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