BitcoinLong
BITCOIN , NEW DOWNTREND OR NEW ALL TIME HIGH ? LEVEL TO WATCH :
Analysis
We got 7 green candles on the daily
We got a bullish engulfing on the weekly
We got a breakout (rejected ATM but we broke it still) of the downtrend (from 13.9 to 9k)
We got a nice golden cross on the 3d
We got a lot of bullish signs going on
So I'd like to be bullish here
But somehow we r back in the downtrend so as long as 13.2 is not broken I can't call it 100% bullish
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This trade is a 6/10 risky
But the R:R is too good to ignore it
Entry : above 12350
Take profit : 13k , if BTC manage to break the résistances (13.2) then I'll target 18k , 22k , 28k
Stop-loss will be 12100$
If u wanna know why my stop-loss is so tight ...
1) when BTC is in a movement like this one the breakout of the lowest top (12250 approx) should be a huge 500$ candle .
2) If we don't get that on the 4h next to the breakout then the breakout might be a faked one so I'll have a tight stop-loss to prevent from bear trap .
DAILY :
Leviatha_capital_partners
Menahem Sultan
We got 7 green candles on the daily
We got a bullish engulfing on the weekly
We got a breakout (rejected ATM but we broke it still) of the downtrend (from 13.9 to 9k)
We got a nice golden cross on the 3d
We got a lot of bullish signs going on
So I'd like to be bullish here
But somehow we r back in the downtrend so as long as 13.2 is not broken I can't call it 100% bullish
---------------------------------------------------------------------------------------------------------------------------------
This trade is a 6/10 risky
But the R:R is too good to ignore it
Entry : above 12350
Take profit : 13k , if BTC manage to break the résistances (13.2) then I'll target 18k , 22k , 28k
Stop-loss will be 12100$
If u wanna know why my stop-loss is so tight ...
1) when BTC is in a movement like this one the breakout of the lowest top (12250 approx) should be a huge 500$ candle .
2) If we don't get that on the 4h next to the breakout then the breakout might be a faked one so I'll have a tight stop-loss to prevent from bear trap .
DAILY :
Leviatha_capital_partners
Menahem Sultan
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