BTCUSD ANALYSIS - talking about myself and my strategy
Updated
First of all, I wanted to take time to talk about myself
My name is Marc,
I am from Canada and I speak French
I'm not really good in english but i'm going to try my best to be understandable
I'm a new father! my son is 9 months old now
This is the best trade I did in all my life
I had sex and now, I have the best gift ever - my little boy (win-win condition, really...)
I worked in different business for 13 years before quitting everything and becoming a full time trader
I work from home and i spend a lot of time with my son
I didn't want to work 40-50 hours a week anymore - knowing that i was going to be a father
This is the best decision I made
I am going to publish few times a week since I am a full time trader now
I want to share my analyses and my trade with the community
Why?
I see a lot of speculative chart published on tradingview
Some people are trying to predict what is going to happen
Prediction is the worst enemy of a trader
I am not gambling with my money; I invest so i can get profits
I will share my thoughts on different trade opportunity
My chart will always have the CONDITION to enter in a trade
I will always share with you the bearish and the bullish side
When a have a confirmation in either side of the market, I take a decision
DON'T enter in a trade based on my chart
Make your own chart with your own condition
It is good to see different point of view on tradingview
BUT it's not good to enter in a trade based on someone else idea
Now I know what you are thinking....
Why are you sharing your chart then?
To explain my strategy and my point of view based on MY strategy
If you find my chart interesting, then learn about the strategy that I am using
It take a while to be comfortable with a strategy... and it need to fit YOUR profile
I am a support/resistance breakout trader
I trade in 4H/1D timeline
I am using pattern as reinforcement, but trading with resistance and support
Go read about it!
BTCUSD - waiting for confirmation - update October 13
This is update from my previous 1D chart that I posted on October 11
As i mentioned before, I am waiting for a signal to buy
I am patient and I am waiting for the right time to enter in the market.
I need confirmation before taking any decision.
I always wait for signal and confirmation before taking any action.
THE ACTUAL STAGE
1.BTC price did a small bounce from support 6250 after the drop
No strength in the bounce
So i am waiting
BULLISH CONDITION
2. Price need to breakup the resistance 6330 to see further strength
4H closed candle above - I will look at a possible uptrend
If fail - we can expect downtrend continuation
3. If price breakup the resistance 6443 - I will look for an entry (i will do an update with the condition - if this scenario happen)
BEARISH CONDITION
support 6250 breakdown with a 4H closed candle followed by a 1D candle
support 6145 breakdown with a 4H closed candle followed by a 1D candle
In this scenario, i will reevaluate the market stage and wait for signal to buy lower
That scenario is a really good opportunity for profits
Thank you,
CryptoKraven
If you want to leave a comment, please do!
My name is Marc,
I am from Canada and I speak French
I'm not really good in english but i'm going to try my best to be understandable
I'm a new father! my son is 9 months old now
This is the best trade I did in all my life
I had sex and now, I have the best gift ever - my little boy (win-win condition, really...)
I worked in different business for 13 years before quitting everything and becoming a full time trader
I work from home and i spend a lot of time with my son
I didn't want to work 40-50 hours a week anymore - knowing that i was going to be a father
This is the best decision I made
I am going to publish few times a week since I am a full time trader now
I want to share my analyses and my trade with the community
Why?
I see a lot of speculative chart published on tradingview
Some people are trying to predict what is going to happen
Prediction is the worst enemy of a trader
I am not gambling with my money; I invest so i can get profits
I will share my thoughts on different trade opportunity
My chart will always have the CONDITION to enter in a trade
I will always share with you the bearish and the bullish side
When a have a confirmation in either side of the market, I take a decision
DON'T enter in a trade based on my chart
Make your own chart with your own condition
It is good to see different point of view on tradingview
BUT it's not good to enter in a trade based on someone else idea
Now I know what you are thinking....
Why are you sharing your chart then?
To explain my strategy and my point of view based on MY strategy
If you find my chart interesting, then learn about the strategy that I am using
It take a while to be comfortable with a strategy... and it need to fit YOUR profile
I am a support/resistance breakout trader
I trade in 4H/1D timeline
I am using pattern as reinforcement, but trading with resistance and support
Go read about it!
BTCUSD - waiting for confirmation - update October 13
This is update from my previous 1D chart that I posted on October 11
As i mentioned before, I am waiting for a signal to buy
I am patient and I am waiting for the right time to enter in the market.
I need confirmation before taking any decision.
I always wait for signal and confirmation before taking any action.
THE ACTUAL STAGE
1.BTC price did a small bounce from support 6250 after the drop
No strength in the bounce
So i am waiting
BULLISH CONDITION
2. Price need to breakup the resistance 6330 to see further strength
4H closed candle above - I will look at a possible uptrend
If fail - we can expect downtrend continuation
3. If price breakup the resistance 6443 - I will look for an entry (i will do an update with the condition - if this scenario happen)
BEARISH CONDITION
support 6250 breakdown with a 4H closed candle followed by a 1D candle
support 6145 breakdown with a 4H closed candle followed by a 1D candle
In this scenario, i will reevaluate the market stage and wait for signal to buy lower
That scenario is a really good opportunity for profits
Thank you,
CryptoKraven
If you want to leave a comment, please do!
Note
MY PREVIOUS CHART (October 11)Note
4H view of the Chart of october 13Note
Quick update on the 1H Chart:I look at 1H Chart so i can prepare myself for the next 4H-1D timeline move.
I set my target and i can figure what the 1D candle is going to look like.
I always look at both side - up or downtrend
Ascending triangle pattern
BULLISH CONDITION
as showned on the chart
BEARISH CONDITION
as showned on the chart
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