BTC - Still profiting (for how long?)
* Remember to support with LIKE and FOLLOW me for more analysis *
Our last trade gave us a profit of 10% in 6 days. That happens when the market makes its big moves, and the big secret here is to know when, and in what direction it’ll move. If you missed my last analysis check it here and FOLLOW me for daily updates. Last analysis:
BTC is in a resistance zone, the best place for a pullback or to the price take a “rest” and move sideways for a while. Now, let’s look at the hourly chart for more clues about what’s next:
See that pink line? It served as a support a support a few times, and if the price breakout that line, the pullback will be more intense.
We are in a resistance zone, and it’s time to take our profits now, but I like the idea to maintain at least half of my position, and only sell it if the price loses that pink line. So, if you are still in BTC right now, be aware of that point.
If you are out, just be patient and wait for a better sign.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Our last trade gave us a profit of 10% in 6 days. That happens when the market makes its big moves, and the big secret here is to know when, and in what direction it’ll move. If you missed my last analysis check it here and FOLLOW me for daily updates. Last analysis:
BTC is in a resistance zone, the best place for a pullback or to the price take a “rest” and move sideways for a while. Now, let’s look at the hourly chart for more clues about what’s next:
See that pink line? It served as a support a support a few times, and if the price breakout that line, the pullback will be more intense.
We are in a resistance zone, and it’s time to take our profits now, but I like the idea to maintain at least half of my position, and only sell it if the price loses that pink line. So, if you are still in BTC right now, be aware of that point.
If you are out, just be patient and wait for a better sign.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
⚠️ Want to take your trading to the next level?
👉 Join the Finance Hydra VIP Mentorship - 6 weeks of mentoring with weekly meetings and ongoing support. Limited places available!
✅ Find out more and sign up: thefinancehydra.com/
👉 Join the Finance Hydra VIP Mentorship - 6 weeks of mentoring with weekly meetings and ongoing support. Limited places available!
✅ Find out more and sign up: thefinancehydra.com/
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.