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A Trade as Simple as "Shooting Ducks in a Barrel" - BTC LONGDISCLAIMER: This is not trade advice. This is for educational and entertainment purposes only to demonstrate how I intend to participate in this market. Trading involves real risk. Do your own due diligence. People like myself (with average-to-below average intelligence) need a simple strategy. My "Ducks in a Barrel" strategy is exactly that. Simple. Clear. Rules Based. Effective. Zero Discretion. BTC (and several other cryptos, for that matter), are setup for "Ducks in a Barrel" long trades. Lets review the process for identifying these setups. To be clear, this is not a "long now" post. This market is SETUP. This is not a timing tool. We get into the market once we get a technical long TRIGGER on the Daily timeframe. From there, we FOLLOW THROUGH on the trade by managing risk and maximizing profit. Without the TRIGGER, we have not trade. STEP 1: Identify a market with a strong trend on the weekly timeframe. I utilize the 39 and 52 period MA. For uptrends, we want to see both MA's sloping up and pulling away from each other. We see on BTC that the two MA's are still upward sloping and pulling away from each other. This confirms step 1, that we are in a strong uptrend. STEP 2: We need at least 2 of the following to be in unison with the direction we want to trade (in the case of BTC, we need 2 of these to support the long idea). VALUATION: For longs, we need an undervaluation vs Gold &/or Treasuries. STOCHASTIC: For longs, we need to see the market is oversold. SENTIMENT: For longs, we want to see Bearish advisor sentiment (we fade the public sentiment). STEP 3: We see that BTC is Oversold on the Stochastic and is Undervalued vs Gold & Treasuries. This meets our criteria of 2/3 indicators supporting our idea. This market is now SET UP for longs. Now we wait for the TRIGGER. STEP 4: We are waiting for Step 4 in Bitcoin right now. We need to see an entry TRIGGER on the daily timeframe via one of the following entry techniques. 18 Period MA Entry 10 high 8 close MAC w/ Williams Acc/Dis 57 MA Confirmation Entry Stop either 150% of 3 Period ATR, or 2 times the width of the MAC, whichever is greater. There are other entry techniques, but they are higher risk. The two entry techniques above will not catch the absolute bottom, but will ensure that you are buying into a confirmed trend change. Other entry techniques come with the risk of trying to "bottom/top" pick, which increases your odds of several losses prior to the real move occuring. If you have questions about the "Ducks in a Barrel" strategy, feel free to shoot me a message. I hope you all have a great week. And as always..... Good Luck & Good Trading.
Long
by Tradius_Trades
4
#BTC 15MIN Bullish candle BCZ of positive newsEmployment change in USA was better than expected 142K & Unemployment rate was as expected 4.2 % **************MAY BE BULLISH WEEKEND************** ************* NOTE************** USA CPI will be announced on WED September 11, 2024 ************************************************************************** BINANCE:BTCUSDT #swingtrade #shortterminvestment #ALTCOIN #Cryptotading #cryptoinvesting #investment ##trading #cryptocurrencytrading #bitcoininvestments #Investing_Coins #Investingcoins #Crypto_investing #Cryptoinvesting **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR **** #bitcoin #BTC #BTCUSDT
by Crypto_alphabit
140 Days into the 2024 Post-Halving for $BTCWe have 47 days until the new CRYPTOCAP:BTC ATH. Watch for pressure driving the price down as there is a high potential to retest the $50-52k range within the next 9-10 days. Avoid capitulation if possible. Historically, the parabolic phase of this cycle will start within the next 4-5 weeks. ---------- Key Notes: - Holiday Prediction Levels - Halloween | 2024 | GETTEX:82K Thanksgiving | 2024 | $105k Christmas | 2024 | $142k New Years Day | 2025 | $185k - 500 D ATH Prediction Levels - Bear | $110k Base | $200k Bull | $314k - 280 D ATH Prediction Level - Realist | $148k ---------- Prediction indicators based on historical data from the 3rd Post-Halving cycle. Institutional, Micro, Macro and Seasonal economic pressures from either direction could blow this off course. I am hopeful the pending September 2024 Fed Rate cut will move the new ATH up by 10-15 days and result in a higher retest low before going parabolic. ---------- Indicator used is LuxAlgo's historical price prediction indicator, Date is 9/5/20 used on a daily chart with a growth factor of (1). The BLUE trend line is traced over the 2020/2021 parabolic phase of the 3rd bull cycle.
COINBASE:BTCUSDLong
by RILOBUYLOW
2
#BTC/USDT Bounce Incoming! Futures Trade Setup!#Bitcoin : 10/10 So far! Bounce seems highly likely at this level. RSI Bullish divergence in the hourly chart. But of course, no one knows for certain in this kind of market! Invalidation:- Daily close below $54018.18! If you're looking for a swing Trade, $54890 to 56150 is a good range to accumulate long on spot! Futures Setup Here:- There's a higher chance of this setup getting invalidated if we lose 55500 again so be careful to try to keep your entry as low as possible to keep your Stop Loss small. Always use leverage below 5x! Entry:- $56150, (50% entry) $55700, (20% Entry) $54890 (30% Entry) Targets:- $57155 $57855 $58200 $59544 Stop Loss:- $53854 This is a risky trade so always do your research this is not financial advice. Do hit the like button if you want me to post more! Thank you PEACE
Long
by Cryptorphic
2
BTC/USD Bearish Continuation with Head and Shoulders PatternThe BTC/USD chart indicates a continuation of the bearish trend due to the appearance of a Head and Shoulders pattern on the 1-hour timeframe. This classic reversal pattern, combined with the price breaking the neckline, suggests that more downside could be expected. 🔻 Key Pattern Insight: The Head and Shoulders pattern is a strong indicator of a potential downtrend. With the neckline already broken, the market is likely to maintain its bearish momentum. 📊 RSI Analysis: The RSI is currently in the oversold zone, indicating a possible temporary exhaustion of selling pressure. However, a confirmed bearish continuation may occur if the RSI moves above the 50 level, offering a better position for a sell entry. 📉 Target Level: I expect this downtrend to potentially lead to a price target of 54,725, which could act as the next significant support level. ---------------------------------------------------------------------------------- Additional Insights: The price is consolidating below the neckline, signaling that bears remain in control. If there's a retest of the neckline as resistance, it may offer another opportunity for short entries. Be cautious of potential short-term bounces due to the RSI in the oversold zone, but any move below 55,500 could further confirm the bearish sentiment.
BITSTAMP:BTCUSDShort
by ClearTradingMind