Bitcoin Trading Idea for the Week 19 (BTC/USDT)
Updated
Timeframe: 2H to 4H to avoid false signals
Target Zones:
First Target: $61,000 - $61,500
Second Target: $66,000 (Profit-taking zone)
Potential Short: Around $65,000
Rationale:
-I expect Bitcoin to first reach the $61,000 - $61,500 range before heading towards the $66,000 zone, where I will take profits.
-A modest short position might be considered at around $65,000.
-ETF flows will also be monitored closely for additional insights.
Trade Carefully!
Target Zones:
First Target: $61,000 - $61,500
Second Target: $66,000 (Profit-taking zone)
Potential Short: Around $65,000
Rationale:
-I expect Bitcoin to first reach the $61,000 - $61,500 range before heading towards the $66,000 zone, where I will take profits.
-A modest short position might be considered at around $65,000.
-ETF flows will also be monitored closely for additional insights.
Trade Carefully!
Trade active
The plan is going as expected. A bit impatient, I repurchased a spot position sold around 64.3K$ earlier today. I'm still waiting for a slight dip to take a first spot buy position.Trade active
As expected, BTC correctedMade my first cautious spot purchase at $61,000
I often buy too early, so no need to rush!
I'll pyramid my position, keeping in mind that a new low is possible.
Trade closed: target reached
Closing this trading idea taken in a spot position. Now waiting for new setups.Total gain: +600 USD
Transaction 1:
- Sell: 0.1 BTC at 63,000 USD
- Buy: 0.1 BTC at 61,000 USD
- Profit: 200 USD (3.28%)
Transaction 2:
- Buy: 0.1 BTC at 61,000 USD (from the profit of Transaction 1)
- Sell: 0.1 BTC at 65,000 USD
- Profit: 400 USD (6.56%)
Trade closed: target reached
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