BTC/USD - Short to 0.618 Fib - 82.05% Profit Potential
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BTC just bounced off support at 9K and is trying to close above resistance at 9.3K. If BTC bounces up to 9.5K, then I am looking for a swing short entry down to the 0.618 from the last bull move up.
Statically speaking, we are on the precipice of a large move! Let's get this crypto!
After this pullback (it may be 30-50%+), I will be looking for a nice leveraged long position to the moon and beyond. Let's go BTC halving 3.0!!!
If we do not break down, then I am looking for a long above 10K. Check my bullish charts for long setups if you are feeling bullish!
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Entry: 9439.5
Entry Zone: 9585-9350
T1: 9300
T2: 9055
T3: 8710
T4: 8250.5
T5: 8050
T6: 7550
T7: 6858.0
Stop: 10106.5
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R:R: 3.87
Risk: 7.07%
Reward: 27.35%
Leverage: 21.21%
Leveraged Risk: 3X
Leveraged Reward: 82.05%
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This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.
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BTC just bounced off support at 9K and is trying to close above resistance at 9.3K. If BTC bounces up to 9.5K, then I am looking for a swing short entry down to the 0.618 from the last bull move up.
Statically speaking, we are on the precipice of a large move! Let's get this crypto!
After this pullback (it may be 30-50%+), I will be looking for a nice leveraged long position to the moon and beyond. Let's go BTC halving 3.0!!!
If we do not break down, then I am looking for a long above 10K. Check my bullish charts for long setups if you are feeling bullish!
---
Entry: 9439.5
Entry Zone: 9585-9350
T1: 9300
T2: 9055
T3: 8710
T4: 8250.5
T5: 8050
T6: 7550
T7: 6858.0
Stop: 10106.5
--
R:R: 3.87
Risk: 7.07%
Reward: 27.35%
Leverage: 21.21%
Leveraged Risk: 3X
Leveraged Reward: 82.05%
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This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.
Note
US markets are looking very bullish. I do not have the confidence in this setup that I originally did. I would not take this setup any longer.Note
Haha, the above comment was for a long setup, not this short! Still a high probability that we'll see some nice downside should we close above the yellow support box!Note
Traditional markets are not looking as bullish as I was seeing previously. This trade setup is still active for me!
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.