#2. BTC BUY (SHORT TERM SWING TRADE)
Confluences to Enter a Buy
1. Multiple psychological level bounces (5)
2. Doji's on psychological level indicating indecision loss of momentum
3. Falling wedge breakout
This setup looks too obvious to enter right now. I think we will get a price spike to take out 1 or 2 Lower Highs (21,800 & 21,900) and then a drop in price to take out Stop Losses setup up at 21,480 and possibly lower. Long Term I am still bearish on BTC, but I think price will need to retest consolidation breakout at the 22,600 psychological level before prices can move lower.
I have my entry setup as a Buy Limit at 21,480 and stop loss setup at 21,147 well after our psychological level and additional space to avoid getting wicked
3 to 1 Risk to Reward
Timeline for this trade is 3 to 7 days
1. Multiple psychological level bounces (5)
2. Doji's on psychological level indicating indecision loss of momentum
3. Falling wedge breakout
This setup looks too obvious to enter right now. I think we will get a price spike to take out 1 or 2 Lower Highs (21,800 & 21,900) and then a drop in price to take out Stop Losses setup up at 21,480 and possibly lower. Long Term I am still bearish on BTC, but I think price will need to retest consolidation breakout at the 22,600 psychological level before prices can move lower.
I have my entry setup as a Buy Limit at 21,480 and stop loss setup at 21,147 well after our psychological level and additional space to avoid getting wicked
3 to 1 Risk to Reward
Timeline for this trade is 3 to 7 days
הערה
Both Lower Highs were taken out and we now have drop in price moving toward our Buy Limit for an entry. Patience, let price come to us.הערה
Buy Limit activated for an entry at 21, 480העסקה בוטלה באופן ידני
With CPI approaching the markets tend to do the unexpected. Trade closed manually in profit.עסקה סגורה: היעד הושג
Even though we closed early on this one with less profit, I considered this trade a win. If it wasn’t for CPI we would have stay in the trade. This one played out just as we thought
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.