Long

BTC long idea

Updated

1. Price will go down to close 1h (maybe <1h, but I don't think so) gap on futures.
2. Price will go up above 1M BB Middle Band and everyone will be happy.

if 2nd point won't happen we could see new LL

THE END

Note

Of course before going down BTC could form Double Top and/or after going down it could form Double Bottom but I think this is obvious for you ;)

Note

FOMO on BTC could appear very soon but I think we could see quick drop to ~6300 $ before that

Note

Everything as planned :D
Price drop to the lowest 1h futures gap and now I think price will go up but it is possible that we go down to the lowest <1h gap but I'm not sure about it ;)
On futures price drop to 6240$ and in meantime was created new gap (6455-6460$)

I closed my short position and now I'm in long but I have a few more orders below current price

Note

As I mention three comments earlier, BTC could form Double Bottom, so be prepared ;)

Note

BTC almost closed lowest gap on futures ;)
At this moment I think BTC could form Double Bottom and next it will go up but it is possible that drop to ~6100$ will appear.
The worst scenario could be that the BTC break 6100$ then the next stop will be ~5800$ area in my opinion. But I'm optimist and I think BTC will go higher in the next few days.

Order cancelled

Ok, I'm not so optimistic right now :D
Idea cancelled
Thank God for SL :D

LazySlasherTrain

Also on:

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.