yukkit1026

Long or short BTC future

yukkit1026 מעודכן   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT

Based 0n the diagram there are 2 uptrend. The first uptrend is broke, the price should be touching the 2nd uptrend next. You should expect the price going up which you should buy long when the price hit 2nd uptrend but it only for short term. You should take your profit less than 40888. Why is that? If you go to higher timeframe there are one huge and long downtrend. The price was still in downtrend and the price did not break the price 40888 which is a resistance on higher time frame. In short, higher time frame short and lower time frame long. If the price did break above 40888, uptrend will be continued around 42399. If the price fall below 37869, you can confirm there is a downtrend going on
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Based 0n the diagram there are 2 uptrend. The first uptrend is not broke and there is 2nd uptrendline supporting 1st uptrendline. You should expect the price going up which you should buy long but only when the price hit 1st or 2nd uptrend line and take profit less than 40888. Why is that? If you go to higher timeframe there are one huge and long downtrend. The price was still in downtrend and the price did not break the price 40888 which is a resistance line. If the price did break above 40888, uptrend will be continued around 44407. If the price fall below 37839, 1st uptrend line is broke. But it may still be uptrend unless the 2nd uptrend line is broke too which is at around 36465
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Please do not follow the 1st idea as i did write mistakes and my english wasn't good enough
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If anyone want to buy pls set stoploss at 38023
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I redraw my trendline hope the price will stay on it.
https://www. tradingview. com/x/bvjPZlNQ/
My prediction on how long the price will go will depends on the MACD. I predict the 2 lines will went over 0 to some point. Then it will reverse or retrace back to short so pay attention to it. I use default MACD
All these is just assumption so it's own risk
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I still want to say, don't blame me if i made you lose~~
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I won't be looking at the chart for about 20min. I am going to search something i forgot ~ Be back later
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If i Helped you please follow me or give a like~~~ and comment some. Give me some comment i know i have improvement to made.
I saw almost 200 people read this and 10% should be 40 people.
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Direction ended, read comment
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Posted new idea
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Label:
MY TA
Goodluck :)
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