!! BTC Strategy 29th September !!
BTC Strategy
As announced in the State of Mind, Bitcoin shows signs of reversal in 1h horizon and technical stuation is positive over a 30 min horizon with a MACD that crossed upward, a CCI above the -100 level and a WaveTrends bullish.
BTC is currently testing its resistance at $6550, if it breaks, the strategy is to buy as close as possible to this level in order to target the $6650. Wait for confirmation of a candle 15 min fenced above this level. If this candle is too large, the strategy will be invalidated.
If the Bitcoin fails to break its resistance, a short position can then be initiated to aim for a return on the $6460.
Summary of the strategy
Purchase: As close as possible to the $6550
Target: $6625
Stop: $6510
Leverage: 10X
Short: Under $6650, with a sales signal in 10 min horizon
Target: $6465
Stop: $6590
Leverage: 10X
As announced in the State of Mind, Bitcoin shows signs of reversal in 1h horizon and technical stuation is positive over a 30 min horizon with a MACD that crossed upward, a CCI above the -100 level and a WaveTrends bullish.
BTC is currently testing its resistance at $6550, if it breaks, the strategy is to buy as close as possible to this level in order to target the $6650. Wait for confirmation of a candle 15 min fenced above this level. If this candle is too large, the strategy will be invalidated.
If the Bitcoin fails to break its resistance, a short position can then be initiated to aim for a return on the $6460.
Summary of the strategy
Purchase: As close as possible to the $6550
Target: $6625
Stop: $6510
Leverage: 10X
Short: Under $6650, with a sales signal in 10 min horizon
Target: $6465
Stop: $6590
Leverage: 10X
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