BTCUSD Main Point Trading Method -
* Dow Theory
* Average True Range
* MACD
* Stoch RSI
* Bollinger Bands
* Stock to Flow Model
Main View -
Well, Last My view was 2 Types
Strategy 1 -> if it breaks out to 50K, it was Trap for Mint Channel
Strategy 2 -> Re-entering of Sideways
As a Result , Strategy 2 was right for last week.
This week we have Bitcoin ETF issues on America, if SEC approves ETF,
2024 will be New Trend of Asset Market!!
i don't know about prices of bitcoin where to go
we can make Strategies, also 2 types
Strategy 1
As what we think last week, returning to mint channel
breakout of under mint channel is main point of view
so far 44k is resistance level but if it happens, sustain level 44k
This is great scenario of Profit/Loss Ratio
Main Macro FIbo level - Start From 2023.1
1 - 42k
1.618 - 51.6k
Profit/Loss Ratio
Profit - 15% , Loss - 2%
Strategy 2
Breaking down of sideways
sustaining of 40k breakdown is main point of This view
Main Micro Fibo level
0.236 - 40.9k
0.382 - 38.2k
Profit - 5% , Loss - 1%
See What happens on this week
Good Luck!
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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.