BITCOIN DAILY UPDATE - THE WHALE SETUP ZONE
Updated
Hello trading friends,
This is a daily update for BTCUSDT depending on the last trend.
Between the 37K and 39200 is no trading zone, those playing short trades, manage the risk on these points so to get not into this No trading zone area - until you scalping then its other story.
Important is that BTC will get them first confirmation for uptrend at 39650+ - and the real confirmation for uptrend are from 40300 with time frame - what means not only just a small hit on price action, then returning back - check always Time frame it's very important. and yes sometimes the price goes huge over the target of an uptrend, in this case, are entering possible, but same time with SL.
Trend play sometimes more times - with up and down before it takes the way to next target.
Those have a long-term plan - hold to your plan with risk management.
Daily updates are more with live data - and adding about what happened at this moment into BTC.
It's good for BTC to stay above the whale setup zone. as these are an important zone between uptrend and downtrend, which could also affect the cycle trend.
We are now Above the whale setup zone - at the same time, we are into no trading zone until the targets will get confirmed for an uptrend. There is no reason to be all-time into the market.
Have a great day.
Give your nice like - if you like content or trading/studying the trend of BTC .
and if you want to get alerts with the next BTC updates - follow the channel - Thank you
This is a daily update for BTCUSDT depending on the last trend.
Between the 37K and 39200 is no trading zone, those playing short trades, manage the risk on these points so to get not into this No trading zone area - until you scalping then its other story.
Important is that BTC will get them first confirmation for uptrend at 39650+ - and the real confirmation for uptrend are from 40300 with time frame - what means not only just a small hit on price action, then returning back - check always Time frame it's very important. and yes sometimes the price goes huge over the target of an uptrend, in this case, are entering possible, but same time with SL.
Trend play sometimes more times - with up and down before it takes the way to next target.
Those have a long-term plan - hold to your plan with risk management.
Daily updates are more with live data - and adding about what happened at this moment into BTC.
It's good for BTC to stay above the whale setup zone. as these are an important zone between uptrend and downtrend, which could also affect the cycle trend.
We are now Above the whale setup zone - at the same time, we are into no trading zone until the targets will get confirmed for an uptrend. There is no reason to be all-time into the market.
Have a great day.
Give your nice like - if you like content or trading/studying the trend of BTC .
and if you want to get alerts with the next BTC updates - follow the channel - Thank you
Note
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.