Long

It's Not Over Yet BTC

Updated

Hi mates, Sharing an trade idea for BTC as we can see it gives an identical bounce from support and now facing resistance for retracement, so i want to go for a long side retracement trade if it will break resistance and close above targets shared on chart.

One can use own time frame (smaller) for closing or activation of this trade for tracking this idea.

This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit

Note

Taken exactly mentioned resistance, Got a short entry

Trade active

This is the move, First time it break resistance after publication

Entered on a smaller time frame as mention in idea

Trade active

Trailing Stop loss Update

Note

i assume that now resistance will work as support, so if it will bounce from resistance a i will plan a fresh long trade again in it, trailing stop loss triggred mentioned in update above, but dropped good gains afterall

Note

Got a same bounce from mentioned identical bounce spot, but i believe that marked resistance can not be breached in first attempt, Trade will active if break and close will use hourly time frame for this breakout now

Note

After touching target 1 taking exact resistance so far from resisatnce based target. if break and close above we can see target 2 very soon. Earlier resisatnce no break in 1st attemt as i mentioned in update above

Trade closed: target reached

Target Update-:
After completed target 1 (2nd october check update above) price came down and tested it's resistance for long as support and got bounce from there and copleted target two of 29800 from 21721 levels and took price rejection from resistance based target two so closing this idea completly will publish a new one on it, i have to update this yesterday regret for late update posting mates. Cheers !

AMIT-RAJAN

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