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Short term Bitcoin analysis 09/10/21Hi again, today I´ll will write about the previous and possible futures events and whats my expectations are on btc movements. First of all, we did not have a break out, but we are surpassing the lines by bouncing in the 45100 level wich is a structural support, we also find resistances in the 4th line, that once we pass that 4th line I expect an event, possibly bullish but that depends on the momentum of the break. If the support line is tested several times, i would expect going to 43800 - 44400 levels, but in my opinion the chart it´s forming a double bottom that will give us the 48-49 k, and after that I keep expecting the 45100 or the 42000 range.
BITSTAMP:BTCUSD
by Lukitein93
How do I trade?First I draw the general structure of the market and draw the supply and demand ranges to have an overview of the market. Then I'll determine whether the trend is up or down, and after recognizing the trend, I'm trying to enter the trade in the direction of the trend, because this type of trade is more likely to succeed than the opposite of the trend. Then, to enter in the Fibonacci Retracement, I will draw a return in my strategy, the range of 0.5 and 0.618 is considered the golden zone, and in that range I enter the trade and the limit of losses and profit limits are as follows: SL : 1.17210 The profit limit is based on Fibonacci : TP1 : 0.236 TP2 : 0 TP3 : -0.25 TP4 : -0.618
by HosseinAbbaszadeh