BTCUSDT BTCUSD Hello Traders.
- In this setup, our goal is to enter a buy or sell position based on price movements next to the middle line of the Bollinger band and pitchfork.✍
- The price reacted negatively when it first touched this line and is now trying to stabilize above the middle line of the pitchfork.✍
- The stabilization of the price above the pitchfork and its crossing of the middle Bollinger line starts the bullish scenario.✍
- Otherwise, the downward scenario begins.✍
- Tip: The 4-hour trend is still strongly bearish and there is a possibility that the price of Bitcoin will reach $69,000 and then fall again. Keep in mind, along with Bollinger, it is also important to analyze the overall structure of the trend in your timeframe.✍
Which scenario do you see as the winner in the current structure?💥
My Structural Analysis: The market will experience a bullish retracement and then return to low support levels.
Trade closed: target reached
💥
As I mentioned before:
The market will experience a bullish retracement ($SWB:69K) and then return to low support levels.✍
Were you able to use the above analysis and my advice?
Please leave a comment.
Trade closed: target reached
The downside scenario was realized as the previous scenario.🎯
Note
Another quick position.💥
The risk of this position is semi-low. The market volume is calm until Monday and the purpose of this analysis may not be realized quickly.✍
Stops and targets are specified in the chart.✍
Bollinger and RSI are used in this setup.✍
Trade closed: target reached
TP1 reached💥💥💥Please risk-free your position.✍
Note
Check out my serial analysis on BTC in the caption of this post.
Full TP✅💥.
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Share the analysis & Spread the wealth✨
🖊Got Feedback? We're all ears!📚
🍀Ride this journey with us🥂
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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.
🚀Free Exclusive positions and Crypto tracking💎:
📲 Telegram: t.me/CrazyS_Tradingview_Analysis
Share the analysis & Spread the wealth✨
🖊Got Feedback? We're all ears!📚
🍀Ride this journey with us🥂
📲 Telegram: t.me/CrazyS_Tradingview_Analysis
Share the analysis & Spread the wealth✨
🖊Got Feedback? We're all ears!📚
🍀Ride this journey with us🥂
Related publications
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.