My 1st Crypto post - Here is why I will sell Bitcoin at 40,000
Updated
The overall market sentiment has been very bearish for various reasons that I have highlighted in the DJIA market crash prediction below.
BTC is also vulnerable to the bearish market and I see a great opportunity to sell this pair at the psychological number of 40,000.
The pair is in a downtrend both on D1 and H4. The pattern will form within the H4 MA and I will wait for signs of weakness to pull the trigger.
This will be my first trade of BTC as I usually trade Forex. I believe technical trading works on every platform so looking forward to make some money off BTC.
If you have been following my ideas since 19th of April, you would have seen your account grow by 3.34% within risking no more than 1% per trade. Here are some forex statistics for review. All these ideas have been posted in my profile.
Return rate
1.47
Win rate
83%
Generated at : 28/04/22 02:42:25
Start date : 18/04/22 17:00
End date : 28/04/22 16:59
Market Direction P/L
EUR/USD Mini SELL -41.18
EUR/USD Mini SELL 0
USD/JPY Mini BUY 0.53
USD/JPY Mini BUY 0
USD/CAD Mini BUY 75.9
USD/CAD Mini BUY 0
EUR/USD Mini SELL 0
EUR/USD Mini SELL 47.28
CAD/CHF Mini SELL 0
CAD/CHF Mini SELL 3.42
AUD/CHF Mini SELL 0
AUD/CHF Mini SELL 25.5
CAD/CHF Mini SELL 0
CAD/CHF Mini SELL 29.45
AUD/JPY Mini BUY 0
AUD/JPY Mini BUY -53.46
EUR/CHF Mini SELL 32.31
EUR/CHF Mini SELL 0
USD/CAD Mini SELL 0
EUR/CHF Mini SELL 39.76
USD/CAD Mini SELL -20.51
USD/CAD Mini SELL -6.35
NZD/CHF Mini SELL 19.06
NZD/CHF Mini SELL 0
EUR/CAD Mini BUY 0
NZD/CHF Mini SELL 21.16
EUR/CAD Mini BUY 0.38
EUR/CAD Mini BUY 28.95
EUR/GBP Mini SELL 21.05
EUR/GBP Mini SELL 0
AUD/NZD Mini SELL 0
AUD/NZD Mini SELL 0.18
EUR/GBP Mini SELL 50.73
AUD/CAD Mini SELL 20.82
AUD/NZD Mini SELL 19.1
AUD/CAD Mini SELL 0
AUD/CAD Mini SELL 21.12
BTC is also vulnerable to the bearish market and I see a great opportunity to sell this pair at the psychological number of 40,000.
The pair is in a downtrend both on D1 and H4. The pattern will form within the H4 MA and I will wait for signs of weakness to pull the trigger.
This will be my first trade of BTC as I usually trade Forex. I believe technical trading works on every platform so looking forward to make some money off BTC.
If you have been following my ideas since 19th of April, you would have seen your account grow by 3.34% within risking no more than 1% per trade. Here are some forex statistics for review. All these ideas have been posted in my profile.
Return rate
1.47
Win rate
83%
Generated at : 28/04/22 02:42:25
Start date : 18/04/22 17:00
End date : 28/04/22 16:59
Market Direction P/L
EUR/USD Mini SELL -41.18
EUR/USD Mini SELL 0
USD/JPY Mini BUY 0.53
USD/JPY Mini BUY 0
USD/CAD Mini BUY 75.9
USD/CAD Mini BUY 0
EUR/USD Mini SELL 0
EUR/USD Mini SELL 47.28
CAD/CHF Mini SELL 0
CAD/CHF Mini SELL 3.42
AUD/CHF Mini SELL 0
AUD/CHF Mini SELL 25.5
CAD/CHF Mini SELL 0
CAD/CHF Mini SELL 29.45
AUD/JPY Mini BUY 0
AUD/JPY Mini BUY -53.46
EUR/CHF Mini SELL 32.31
EUR/CHF Mini SELL 0
USD/CAD Mini SELL 0
EUR/CHF Mini SELL 39.76
USD/CAD Mini SELL -20.51
USD/CAD Mini SELL -6.35
NZD/CHF Mini SELL 19.06
NZD/CHF Mini SELL 0
EUR/CAD Mini BUY 0
NZD/CHF Mini SELL 21.16
EUR/CAD Mini BUY 0.38
EUR/CAD Mini BUY 28.95
EUR/GBP Mini SELL 21.05
EUR/GBP Mini SELL 0
AUD/NZD Mini SELL 0
AUD/NZD Mini SELL 0.18
EUR/GBP Mini SELL 50.73
AUD/CAD Mini SELL 20.82
AUD/NZD Mini SELL 19.1
AUD/CAD Mini SELL 0
AUD/CAD Mini SELL 21.12
Trade closed: target reached
This trade saw a drop of 2000 points in BTC. And I don't even understand Bitcoin yet :)
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