Based on 20 days long Bollinger Bands (which is basically a price-moving averages +- standard deviation) and based on supersimple price/time linear regression: my entry zones are the two quadrilaterals (numbered "1" and "2" on the chart).
I expect BTCUSD to fall into area "1" approx by 11th of March (+-12days), if not, then my next entry area is "2". (Why do I think it is going to fall? Besides Coppock (at the bottom), take a look at basic weekly indicators! Yet on the extent/angle/aggressiveness of the falling I have no idea.)
This is not a trading advise, just a biased idea of a non-pro! Calculate risk, don't risk more that you can afford to lose, avoid FOMO, use stops and have fun!
Criticism/comments welcome! (e.g. what do you think will we enter into "?"-land? Or if you think an uptrend is coming, would u reason it for me? Might be, just I cannot see it coming.)
Ciao
I expect BTCUSD to fall into area "1" approx by 11th of March (+-12days), if not, then my next entry area is "2". (Why do I think it is going to fall? Besides Coppock (at the bottom), take a look at basic weekly indicators! Yet on the extent/angle/aggressiveness of the falling I have no idea.)
This is not a trading advise, just a biased idea of a non-pro! Calculate risk, don't risk more that you can afford to lose, avoid FOMO, use stops and have fun!
Criticism/comments welcome! (e.g. what do you think will we enter into "?"-land? Or if you think an uptrend is coming, would u reason it for me? Might be, just I cannot see it coming.)
Ciao
Trade active
trade is active, but recent news and weekly data somewhat modified my entry-lines : Order cancelled
Based on recent events I think it is likely that BTC enters into the "?" zones, so I will do a recalculation.
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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.