BTCUSDT - BuyHello traders!
Today I would like to share with you the long-term analysis of BTC that I am preparing for and also now you will know the reason why I am still bearish on lower TFs (W, D). Still until we reach some of the highlighted zones on BTC, I'd prefer to look for medium-term selling opportunities.
IMPORTANT WARNING:
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Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
Bitcoin-trading
RARE, but common chartFree Alt Analysis. This time RARE.
RARE is still degrading, but also getting to the bottom of the curvy trend. There is plenty room to go both sides - but Daily looks exhausted on TrendExhaustion, HighsLows and RSI - VolumeTrend is still bullish and we are dancing on support - it is likely to go for $0.275 first, and judge from there if we are headed for the top of the curvy trend or bounce down.
This idea would get cancelled if we cross the local trendline down - retest of lows of the curvy trend would create another great opportunity to DCA.
Basic Price Action (June-September)Check this out...
There are larger bearish corrections than bullish corrections, therefore 5 bullish rallies are almost cancelled out by two bearish rallies. Also check the Fib, the .786, and notice that we are resting upon it. If we break down, we are super bearish.
Check my other posts for targets.
Bitcoin is at a do or die position!Bitcoin need to break above 21.9k at least in order to stand a chance for a retest at the top of our ascending wedge! Unfortunately it faces a lot resistances from Fibonacci price levels and from previews highs. You can spot the resistances with the Red lines on the Graph.
Whatever you do now without confirmations it's just gambling.
Have some patience and wait for the next move! if it break it's going to be a Long trade. If it won't then we can trade it with short positions
BITCOIN - Updated Chart and Much Food For Thought ✌️😺Ascending channel is a strong pattern www.investopedia.com
Situation is definition of unclear today: Personally I am Long with SL the red level on my chart. Under that i will need to go short to the lower end of the channel but hey, this is Crypto: maybe a Pump towards 24k could be in play today.
Remember:
As explained yesterday, weekends are slow (retail investors in stress) and Mondays are usually Red: ie: not the best time to trade but check my posts below with some nice shorts on Alts that made this weekend a great one already:
FIL Short
Enjin short
Mana Short:
Not to mention the Long ideas posted here that actually did well:
QNT Long
AVAX
Some of you fail to understand that trading is not so much to predict the outcome..is to understand price better and learn how to trade high probability levels.
👉Do me a favor and click on this previous idea... Hit on play and enjoy some FxProfessor Magic: 👈😺
One Love,
The FXPROFESSOR
WAVES is another candidate for the local pumps. WAVES is another candidate for the local pumps. We are waiting for DOM confirmation
BTCUSDT - InformativeHello traders! We have a new week here and I was doing an analysis on bitcoin now, it doesn't look very good, the weekly candle has closed bullish for us, but it is very exhausted. The daily timeframe is still at resistance, which has not been broken and can be considered tested, which may indicate very significant bearish strength.
I have marked the buying zones for you on H4, but they may not be that strong, so be very careful when buying! Because we can easily fly to the new LL from this resistance. In addition, we are at a strong support on BTC .D, which means that btc's dominance can start to strengthen, and in most cases this happens when bitcoin falls more slowly and sometimes when bitcoin rises faster.
Despite the fact that Bitcoin needs some retracement, I am starting to lose hope and am preparing for the option of looking lower.
Note
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I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume 25%
In this way, I ensure that my equity curve grows consistently without significant dips.
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
A Beautiful 3X Long Setup On anchor Protocol Beautifully MarkedAnchor Protocol Is Beautifully Holding the Support Aiming for a Push Upside
UNIUSDT Chart AnalysisWell how to start !! Everything is in green from the past few days so as UNI, it's in nice uptrend heading towards the resistance which is at around 6% above from here ( Resistance at $8.146).
Currently it's in middle of the river, so what to do now? IMO as $BTC is testing it's breakout zone, I see no reason to be bearish for short term atleast it doesn't mean that I'm suggesting you to go long here, you can trade UNI if you want but make sure you ready to take big risk cause may be the local support zone at $7.3 may hold but don't trade based on the expectations. Let the market to tell us what we need to do.
So what's next? My suggestion is to let it come to one of our zones, may be retracement towards $7.31 price zone, I'll update if I observe high interest there, with respect that you can plan your trade.
What if it headed towards straight away towards resistance well then we can observe again and based on the appearing interest at that time let's decide whether we have to be on long side or short side. See guys no need to rush planning is everything.
Disclaimer : Anything provided here are only my opinions and ideas. I am not giving any financial advices, trade at your risk.
is bitcoin going to make another bull moment?🔥hello to all the traders all around the world👋.
in the last idea that I released 💡 I showed you 2 scenario and now we are at the first one so stay sharp and focus on it might give you a good money.
and remember all the signals that I'm giving to you based on the probabilities therefore it might not happen but probabilities is all we have and it work's for me, I hope you all have a great trading day.
cheers 🥂.