BTC/USD - 1H - Technical analysis published on 02/27/2021
Moon to Earth ... anyone there?
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BITBAY:BTCUSD : Summary of the Analysis
Trends: Short Term - Strongly Bearish & Long Term - Bearish
Technical indicators: 7 Bullish ; 10 Bearish & 9 Neutral
My Opinion: Bearish under USD 48,477
My targets: USD 44,899 USD (-4.7%), USD 42,564 (-9.7%) & USD 41,025 (-12.9%)
BITBAY:BTCUSD follows a very strong bearish trend (21° downwards) from ATH at USD 58,354 on 02/21/2021. Traders may consider only short (sell) positions as long as the price stays well below USD 48,477 (Stop Loss Level). The next support at USD 42,564 and this is the next bearish target to be hit. A bearish breakout below this support would increase bearish momentum. The bearish move could then continue towards the next support at UDS 42,564. Below this support, sellers could then target USD 41,025.
Signal Force (0-10): 4 = middle force
We are currently trading around VWAP . Should we break significantly downwards this would be a strong sell signal.
Please note that as a Hedge Fund Manager I would NEVER go outright short = only sell short ... I always have potentially overperforming coins or tokens long against the shorts!
The trick is, that (because of good research) the longs perform better than the shorts in all market situations.
Subscribe and follow as the next analysis will focus on over- and underperforming (compared to BTC ) coins and tokens.
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Published on 02/27/2021, 5:00 PM (UTC+1)
Hello World, I'm new here, I'm "The Cosmonaut" and as a Hedge Fund Manager I offer unique & exclusive insights which you won't find anywhere else 😇 ... so please join the journey, subscribe and follow. Happy trading !!!
Call me Cosmo 🛸🪆... nice to meet you😃. Let's get started:
BITBAY:BTCUSD : Summary of the Analysis
Trends: Short Term - Strongly Bearish & Long Term - Bearish
Technical indicators: 7 Bullish ; 10 Bearish & 9 Neutral
My Opinion: Bearish under USD 48,477
My targets: USD 44,899 USD (-4.7%), USD 42,564 (-9.7%) & USD 41,025 (-12.9%)
BITBAY:BTCUSD follows a very strong bearish trend (21° downwards) from ATH at USD 58,354 on 02/21/2021. Traders may consider only short (sell) positions as long as the price stays well below USD 48,477 (Stop Loss Level). The next support at USD 42,564 and this is the next bearish target to be hit. A bearish breakout below this support would increase bearish momentum. The bearish move could then continue towards the next support at UDS 42,564. Below this support, sellers could then target USD 41,025.
Signal Force (0-10): 4 = middle force
We are currently trading around VWAP . Should we break significantly downwards this would be a strong sell signal.
Please note that as a Hedge Fund Manager I would NEVER go outright short = only sell short ... I always have potentially overperforming coins or tokens long against the shorts!
The trick is, that (because of good research) the longs perform better than the shorts in all market situations.
Subscribe and follow as the next analysis will focus on over- and underperforming (compared to BTC ) coins and tokens.
You'll then be able to do what the big guys do 🤑: Organize your Crypto Portfolio as a Hedge Fund.
Heard about them? With this successful trading strategy😍🍀💵 you'll be able to make money independent from the price action and niveau!
Happy trading everyone!
Published on 02/27/2021, 5:00 PM (UTC+1)
Trade active
Bollinger Bands Width narrowing ... outbreak (up or down) probably coming soon.Trade opportunity coming!
02/27/2021, 10:30 PM (UTC+1)
Trade active
Target 1 (USD 44,899) reached.02/28/2021, 4:00 PM (UTC+1)
Trade active
Updated Signal Force (0-10): 7 = strong force now... downward Momentum increasing!
Now retracing back up to VWAP (which was expected after a strong downwards impulse). Like before, should we break significantly downwards from here this would be a strong sell signal.
Trade opportunity coming!
02/28/2021, 9:30 AM (UTC+1)
Trade active
... bounced off of VWAP!Should we stay below VWAP this would be a strong sell signal = an opportunity to top up the short position.
Trade opportunity!
02/28/2021, 11:00 AM (UTC+1)
Note
Well on track towards Target 2 (USD 42,564) - all good. Hope you got my previous short entry point (around USD 45,500)!Analyzed Trade Volumes (15m frame) ... consistently BIG trades on all recent downward impulses!
Expert advice: Do what the big guys do - sell when they sell & buy when they buy.
Hence, Trend Outlook now updated to: Short Term - Strongly Bearish & Long Term - Strongly Bearish.
Happy trading!
02/28/2021, 04:00 PM (UTC+1)
Trade active
Back to USD 46,500. Hold any existing shorts and/ or open new positions.03/01/2021, 07:30 AM (UTC+1)
Trade closed: stop reached
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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.
FREE 🆓 Telegram Channel - t.me/joinchat/VvbdrMo4bVJdpOFM
... with free cornix.io signals for automated Copy Trading
🆓 All Links on Website - moonrakercrypto.com
... with free cornix.io signals for automated Copy Trading
🆓 All Links on Website - moonrakercrypto.com
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.