This idea show the levels to short BTCUSDT upon retest of the level shared. If those levels pass then it will be good short trade with 1:3 RR ratio for T1 and 1:6 RR for T2. Happy Trading..
It appears that the market is consistently experiencing selling pressure. Referring to my previous analysis, if we fail to reach the buy side levels, I have identified new sell targets. These targets will come into effect once the price remains below 26,600 and breaks the level of 26,500. As long as that level remains unbroken, there is still a possibility of...
Based on last analysis shared we were able to meet Target 1,2 and 3 respectively, however T4 was only half way through. Which now has created a new strong Resistance zone near 27,450-27,500. Market is still range bound. Presently taking support (26,720 approx.) on Sunday's May 21st day's low and has created high of 27.495. Most of trading levels are still same...
Based on my analysis and current market conditions, I have shared my levels which I am following today for my trades. Today I will be Only buying on dips each time price takes supports on any of shared levels. Normally I love to trail my profits, however in current situation today I will be booking full profits each time a level is achieved and rejection is seen...
Since bitcoins is intend to get range bound and several times we are not able to identify it move for those times we can do some good quick scalping. As a trader everyone love to capture big move, however, what if there is no big move? Then lets capture small moves multiple times and reap the benefits of one big move.