Bitcoinshort
#bitcoin #btc What Now? ;)#btcusdt is now testing the top of the channel. This means:
+ Breaking up will start the bull run.
- Declination will dump btc price.
NOT FINANCIAL ADVICE.
BTC DO NOT DOING THIS, I WILL TRY All this has been stretched out for me for a long time, at 29700 I was not berish, I tried the scalp and that's it. Somehow I believe we can capture this and win a nice profit. Very risky but tempting for me.
We are waiting for spikes and place the order as you like, if I am wrong let the price deny me.
If anyone knows how to post a closed order through the exchange, feel free to contact me, because I don't know how else to do it except for the link
Is the rally over for BITCOIN???In my opinion , any consolidation here can be a sign that those big players are loading shorts. Personally , I wont be taking any long setups until we break this weekly FVG , until then I am expecting a sideways move for few days and possibly short setups after that .
Always manage your risk and capital .
SteadyCompound #1 Newsletter: Week 23.10.23 - 29.10.23Welcome to SteadyCompound 1st Newsletter,
A few notes about my approach to nowadays trading
- I am a retired trader (2008-2018). I day-traded high frequency time-frame across Stock (2008), Bond Futures (2010), Forex / Gold (2012), Commodity e.g. Brent, Gas (2015) and Crypto (2017)
- I turned start-up cofounder (2020) and recently gained financial freedom (2023), which define my approach to now "trading as a hobby": refrain from over-trade and opt for high probability trade only with high R/R, clear indicators and peace of mind
- My goal is to steadily compound wealth and accumulate Bitcoin long-term
Trade Ideas for Week 23.10.23 - 29.10.23
1. Range has been stable for 6 months within 25K - 31K territory so we can exit our long at high 30k - low 31K
2. Taking Short Position at high 31K e.g 31600 is our SC "SteadyCompound" trade:
- short into the down trend / RSI oversold +75 / year-high 31K resistant / low volume spike for 2.7 R/R ratio, targeting above 27K
- hard-stop of 5% at right above 33K e.g 33113 (there is another resistant range at 31K - 33K formed during 2021-2022 which possibly allow us to scratch / take small loss on our short position)
#steadycompound #financialfreedom #tradingstrategy #systematic #bitcoin
p/s repost for Binance Exchange
BTCUSD MID-WEEK ANALYSIS UPDATE 08/10/2023📈 BTC/USD: Short-term Drop with Upside Potential 📉
Recent USD weakness fueled a rise in BTC 🚀. Now, with the Dollar initiating a pullback, I anticipate a short-term drop in BTC/USD. After that, I'm looking for a continuation to target the $31,500 level. Here's what to keep in mind:
- USD Influence: Recent Dollar weakness played a role in BTC's ascent 📉.
- Short-term Drop: Expect a temporary pullback in BTC as the Dollar regains strength 📉.
- Upside Target: The goal is to target $31,500 as the next potential move upward 🚀.
- Risk Management: Set clear stop-loss and take-profit levels to protect your capital ⚖️.
- Technical Analysis: Use technical indicators, like moving averages or RSI, to time your entry and confirm trends 📊.
- Stay Informed: Keep an eye on news and events that could impact both BTC and the USD 🌐.
Remember, this analysis is not financial advice, and all trading carries risks 🚨. Make sure to do your own research and tailor your strategy to your risk tolerance. Good luck with your trading journey! 🍀📈💹
False Bitcoin rumors revealing real market sentimentFake news sent Bitcoin up about 10% on Monday, surging from $27,900 to over $30,000 after Crypto news site Cointelegraph posted on X that the Securities and Exchange Commission had approved BlackRock’s spot bitcoin ETF application.
In response to the rumor, BlackRock had to clarify that no decision had been made regarding their ETF application. Even though the rumor has now been debunked, Bitcoin is still up more than 5%, at $28,600, with some movement suggesting that buyers are still willing to prob for more gains.
The 10% upside move has perhaps provided us with a preview of what might happen when/ if the SEC eventually approves or rejects BlackRock's Bitcoin ETF application. It could also be argued that we are also getting a glimpse into what could happen if the SEC rejects the application, with targets set at the pre-rumor price of $27,900 the first port of call.
BITCOIN: Bearishness Before UpsideHowdy risks-taker!
I've had time to take a probing look at bitcoin this weekend and see what I think I found.
I do expect some large-scale bearish activity on bitcoin in the coming weeks. The pair looks anytime ready to plummet in any case. We've been struggling to keep any bullish steam and sellers are pretty much in control.
But make no mistake about it, the pair is inherently bullish in my view and the question is how long to keep going down before we see definite rallies?
For now, this is the idea I am interested to engage with until proven otherwise as we often are.
BTC Short📌 BTC/USDT SHORT SIGNAL
ENTRY: ~27040
SL: 28238
Leverage: Isolated max. X10
Position Size: max. 15%
1St TP: Exit 25% of the Position @ 25490
Wait on further instructions for full EXIT, lets see how the market behaves.
Note: CME Gap at ~20500USD
High probability that we retrace a third time off the 800EMA (Purple Line) on the 4H chart.
If we do not close above the 800EMA with lots of conviction there is no reason to enter LONG Positions IMO.
Wait on trade update for full exit.