BTCUSD Daily Timeframe
Bitcoin for Swing Trading Daily Time Frame
human beings in the history
We do not study the past or history.
to predict the future
But we collect past statistics.
to apply the existing equation to analyze
Opportunities and possibilities in the future are separate.
Bitcoin after the price surge
Breaks ATH. Price hits ATH resistance.
There seems to be a slight condensation.
I have been holding bitcoins for 10,000$.
and continue to hold until technical according to my system
order me to exit the trade
And it seems that we can find an opportunity to enter Long.
BTCUSD can be increased for the following technical reasons:
- Uptrend in TF M1
- Uptrend in TF W1
- Uptrend in TF D1
*Strong Uptrend*
- in the cycle of prices
has created a pattern that is repeated in two states
1. Correctional Phase is price accumulation.
2. Impulsive Phase is a condition in which the price goes up or down.
Currently, the price is in the Correction phase.
which maintains its shape in the Bullish Flag
- When the price hits the ATH resistance level, the price retraced back.
Tested the Demand Zone support and generated a signal to continue.
is Bullish Flag.
The plan is to wait for the Bullish Flag brake price to be clear.
to confirm the signal And then enter at the moment when the price comes down.
(Buy the low Sell the high)
If there is no confirmation signal, do not enter the trade.
If price fails to generate HH but goes back to build
LL The plan will be canceled.
The goal of this plan is psychological resistance.
is the Confluence Zone of Fibo 127+261.8%
or the price of $ 75,000 (round numbers in psychology)
P.S. This is an educational analysis, not a signal.
Do not trade according to this analysis. The captain is not responsible
for damage that will occur or profits that will be received in the future
, therefore, be considered carefully