Haven't posted a Crypto chart in awhile, I was going to post my SHORT:BCHUSD one but it's not fair now considering I was already proven correct on it. (Short trendline resistance, surprise surprise) and no one wants to see an "in hindsight" chart.
So this is just my working BTCUSD chart, meaning it's always a work in progress. Old trendlines always come back around even months later, so I usually keep them around for perspective
Fibs, trendlines, and support/resistance. Take the time to see where the lines are coming from and it'll make sense to you.
The Play:
I don't have a lot of time to micromanage and be up all night watching charts anymore, so I'm splitting my buys into 3 parts as shown with the risk reward below, with the lower prices being larger buys. I rate this play as very high chance of success, probably 70-80%. Only way I lose is if BTC dies and goes below 5.6k, but you also don't want to be trying to market buy in while BTC is going to 7k at 5am.
So this is just my working BTCUSD chart, meaning it's always a work in progress. Old trendlines always come back around even months later, so I usually keep them around for perspective
Fibs, trendlines, and support/resistance. Take the time to see where the lines are coming from and it'll make sense to you.
The Play:
I don't have a lot of time to micromanage and be up all night watching charts anymore, so I'm splitting my buys into 3 parts as shown with the risk reward below, with the lower prices being larger buys. I rate this play as very high chance of success, probably 70-80%. Only way I lose is if BTC dies and goes below 5.6k, but you also don't want to be trying to market buy in while BTC is going to 7k at 5am.
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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.
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.