BitcoinLong
BTC Ending its Sideway Limbo (High Risk Trade)
My plan for today's trade:
Hello everyone, decided to make a quick short post for this one and trying a new format. We have been ranging for quite a while and I believe we will soon see a confirmation whether we are continuing up, or fall back down (way down).
Long BTC
Leverage x20
High Risk (we either bounce and go bullish, or break 44900 support and down the bear path)
ENTRY 45200 - 45500
Stop Loss 44900
Target 1 : 46000
Target 2 : 46600
Target 3 : 47100
Target 4 : 47900 (Bullish Confirmation)
Target 5 : 51500 (Otw up)
Keep in mind we are literally trying to catch the bottom and this is a very high risk trade so DO NOT FORGET to put a stop loss. I will personally wait at the bottom of the yellow line (around 45450). This analysis is invalidated should BTC breakdown below the orange dotted lines.
Good luck and thank you for considering my analysis
The arrow icons are guide lines. It will not hit exactly on the same spot.
Use them as guidelines to make decisions based on the ongoing channel lines closest to it. A rejection usually occurs when the line is hit. These are where u usually enter your trade, or set your stop loss, or gradually increasing your stop profit point.
1) breaking the channel line means continuation of the current trend.
2) rejection of the channel line means reversal of the current trend.
The arrow patterns are possible movement path. It will not move exactly as how they were drawn. Use them as guidelines to consider your decision
Please always remember to put a stop loss when you first enter a position, a stop profit when you are already in profit, and never chase a trade.
Should you have any questions or inputs, please let me know in the comment section, I will always answer them as best as I can,
Thanks for stopping by to my post, hope it can help you better in your decision making.
Please support my idea with a like should you find my idea helpful, it will mean a lot to me. Thanks and kindest regards!
Hello everyone, decided to make a quick short post for this one and trying a new format. We have been ranging for quite a while and I believe we will soon see a confirmation whether we are continuing up, or fall back down (way down).
Long BTC
Leverage x20
High Risk (we either bounce and go bullish, or break 44900 support and down the bear path)
ENTRY 45200 - 45500
Stop Loss 44900
Target 1 : 46000
Target 2 : 46600
Target 3 : 47100
Target 4 : 47900 (Bullish Confirmation)
Target 5 : 51500 (Otw up)
Keep in mind we are literally trying to catch the bottom and this is a very high risk trade so DO NOT FORGET to put a stop loss. I will personally wait at the bottom of the yellow line (around 45450). This analysis is invalidated should BTC breakdown below the orange dotted lines.
Good luck and thank you for considering my analysis
The arrow icons are guide lines. It will not hit exactly on the same spot.
Use them as guidelines to make decisions based on the ongoing channel lines closest to it. A rejection usually occurs when the line is hit. These are where u usually enter your trade, or set your stop loss, or gradually increasing your stop profit point.
1) breaking the channel line means continuation of the current trend.
2) rejection of the channel line means reversal of the current trend.
The arrow patterns are possible movement path. It will not move exactly as how they were drawn. Use them as guidelines to consider your decision
Please always remember to put a stop loss when you first enter a position, a stop profit when you are already in profit, and never chase a trade.
Should you have any questions or inputs, please let me know in the comment section, I will always answer them as best as I can,
Thanks for stopping by to my post, hope it can help you better in your decision making.
Please support my idea with a like should you find my idea helpful, it will mean a lot to me. Thanks and kindest regards!
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