BTC Bitcoin Strong Bullish Will Rise to 37000,46000 and 71000USDBTC Bulls to Retarget $31,500
BTC could be in for a choppy session as investors consider the chances of SEC approvals for the ETFs and US inflation in focus.
the crypto news wires provided much-needed support. News of Fidelity filing for a spot Bitcoin Exchange-Traded Fund (ETF) was the key to the bullish session.
This morning, BTC was down 0.03% to $30,524. A bearish start to the day saw BTC fall from an early high of $30,534 to a low of $30,507.
Looking at the EMAs and the 4-hourly candlestick chart (below), the EMAs sent bullish signals. BTC sat above the 50-day EMA ($30,032). The 50-day EMA pulled further away from the 100-day EMA, with the 100-day EMA widening from the 200-day EMA, sending bullish signals.
A hold above S1 ($30,158) and the 50-day EMA ($30,032) would support a move through R1 ($30,882) to give the bulls a run at R2 ($31,232). However, a fall through S1 ($30,158) and the 50-day EMA ($30,032) would bring S2 ($29,784) into view. A fall through the 50-day EMA would send a bearish signal.
Resistance & Support Levels
R1 – $ 30,882 S1 – $ 30,158
R2 – $ 31,232 S2 – $ 29,784
R3 – $ 31,956 S3 – $ 29,060
Strategy Bullish
3Lots
2 Lots will be excecuted at Profit Target Zones
1Lot will follow the Trend
It will be only!!! excecuted ,if Bullish Trend changes
The stops will be delivered as soon as possible to break even,better some pips above the Buyinh price
I have marked my profit targets
Psychology:
1:The price is always right
2The Market is alwas right
3 The Chart is always right
4 IGNORE THE NEWS; Plan your trades and trade your plan.
5Drawdowns are partof the game
6 Risk management and money mangement is King!
7 wHATEVER HAPPENS;sTICK TO YOUR PLAN!
8 In a bear market no price is weak enough
9 In a bull market no price is strong enough
10 Patience !Wait for confirmation: Control emotions and tensions.
