📈Quick BTCUSDT Setup using Bollinger Band📉
Updated
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.🎯
Comment
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.✍
Comment
Check out my serial analysis on BTC in the caption of this post.
Full TP✅💥.
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📲 Telegram: t.me/CrazyS_Tradingview_Analysis
Share the analysis & Spread the wealth✨
🖊Got Feedback? We're all ears!📚
🍀Ride this journey with us🥂
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