BTC/USD: 161% ROI potential - astronomical 35 R/R LongDear Trading friends!
Don't forget to leave a like and follow not to miss any of my setups!
Aiming for 28-35R. Leg-up EQ + 12H OB. Filled at 10772 and got one more limit-order set at 10725 while using a tight Stop-Loss at 10565-10570.
A break of SL would likely lead to a $10020 - $10175 12H bullish OB retest where I would be interested in filling longs again.
4H currently forming a rejection candle.
Again, this is a low-risk/high-reward setup with a super tight Stop-Loss and I like to challenge myself trying to catch the ultimate bottom.
Xbtusdlong
Bitcoin's favorite move:crazy triangle(0808.19)So, it did find support at 11300 and went to 12k, and back to 11.5k and up again. crazy huh? but, you can see it is making a triangle. and i think we have at least 60% chance going to 13k after the consolidation.
triangle pattern is a one that needs endurance. when people get crazy about the parabolic move, they tend to think, it would keep doing it again, or vice versa to below. well, here is the thing. it is actually moving sideways making a triangle, that tends to be bullish. so at this position, you have to think both ways, but a little inclined to going long, and wait. why? stock market dropping, global trade war happening. mostly, weekly candle last week was bull engulfing.
Lawrence Summers stated that money is pouring into a 'safe asset' as btc a few days ago. a great man, as his service to United states few years was outstanding, also the leader of Harvard college. when he said that, i believed he knew more then just bitcoin is a worthless, digitalized but not proven asset. it is more like gold, an asset to be traded alternatively then dollar or stocks, which is worth buying.
so here is the thing. buy at 11700/11600 area if comes, or little bit at 11800 too. and wait. stoploss is needed, which you should put at 11600 area. if this thing breaks up, it will be imminent. breaks down its imminent. going to happen soon. i bought at 11580, and have put stoploss at 11500. if it breaks up it can go to upper 12k levels, or 13k. it could be the start of the bull run. or if stoploss reached, it could go down to 10600/10700 areas. but, worth the bet. risk is all about calculating ratio between winning and losing. if you buy at 11600~11800, stoploss is 11500, and expected growth is almost to 13k. why not, try a shot. if stop reaches, making another strategy is always inevitable for traders.
cheers.
looking at the big picture using btc bull historyI'm basically waiting for price action to rise above mentioned moving averages on the 4hr chart,and then making a large move upward. However If we break above those moving averages but have a short lived breakout above them, and we start to reverse to the downside. I believe we are going to be very bearish. However if we recover above the averages and make a big move up and repeat like the last bull market, i will be very excited to see where this bull market takes us.
With that said, how are you all leaning? Everyone is saying 8500 but i wouldn't be surprised if btc makes a move up while everyone is waiting for 8500. We hit 9100 which is pretty close to the price everyone is watching, chances that we hit the target all eyes are watching might not be very good. btc may be making a double bottom and move above mentionsed averages in the future. lets see how it plays out.
check out my links below and use them if you'd like, they help me a ton thanks.
coinbook.com coinbook link, trade crypto with no fees. very simple site to buy and sell good for first time buyers
www.coinbase.com coinbase exchange buy and sell cypto. also learn and earn free cryptos.
if youd like to tip me for my content you can send btc to this address 1C4bzhvvkoqujK3DvxXRbbvuPC8LMfnYos
thank you all and have a great time trading.
BITCOIN Do Not Panic Still chances there to get 10000 !!!Look at the price move very closely ,you would see a clear pattern forming there.
After a heavy pump from 9400 to 10900 price was gradually decreasing and creating panic among the traders.
This is part of the trading Game as we all know very well.
One who gets what is next as right he will win the race :)
As per the chart , 9600 is the first support level ,price is bit trying to move up from here.If this move is successfull we get 10075 soon.
In case the price fall happens ,still no need to panic as we have the strong support at 9300 ,price will again move up from here to level of 9800.
So in either of the case it is evident that we get price above 9800 for sure.
Leaving the panic away, look for opportunity to add position to see goo upside .Note this is just an analysis not a recommendation to buy ;Be cautious on your decision.
As per LongBuyLongSell Auto Scan Indicator has triggered fresh buy in this time frame .
with the help of LBLS indicator , i check three basic yet effective rules for Entry.
Long:
Make sure the candle color transitioned from Black to Blue / Red to Green .
The Strength-meters Here is the example of Strengthmeters with Open Pine code ,it is nothing but group of top performing indicators,Used 7 indicators to predict this.Minimum 4 or above showing in charts in the current candle or within two candles in Green Color (Red for Short).
Background Color changing from Red to Green is the added advantage.
Short:
Opposite of the Long Logic's.
In General in chart we have to see a pattern the price is moving HH for Long or LL for short.
Please study the price action techniques to understand the HHHL,LLLH for predicting the market.
This is key to success in market.
Remember :
The LBLS indicator analysis is one of the easiest methods to recognize the price moves and usually quite reliable.
In General no trade occurs the way we want it to touch 100% right. if we can predict entry 6 out of 10 correctly ,we will win the Game whatever be the indicator used.
MONEY MANAGEMENT is the secret to make money and create wealth over a period of time. Every drop count makes ocean ,Every right choice you make creates a Rich.
If you are winning an average of 60% of your trades with strict money management, you are going to win the Trading Game for Sure! Take out the emotion ,Practice disciplined trades.
with the rules of the indicator and price action ,This looks to be a good short at this point of time. Share your views in comments section.
Remember for right entry point
Remember for Stop Loss
Remember for partial take profit
Remember for closing the remaining profit
The Main Script behind the Analysis:
Follow ,Appreciate ,Like if you agree ! Related Script Links Below .
BITCOIN: possible REVERSAL! Back to 13K? HERE IS WHY!This could be a great trade.
4H timeframe XBTUSD
As you can see from the chart, there is confluence of some technical factors which made me think about a possible reversal back to (at least) 13K.
-RSI trendline is holding well
-HAMMER CANDLE followed by a DRAGONFLY DOJI CANDLE (both are strong reversal candles if seen at the bottom of a downtrend)
-Perfect bounce from 78.6 FIB level that could indicate a reversal signal
-Daily EMA bounce
Beyond technical analysis: it seems that BTC dominance still want to rise and in order to do that BTC needs to go to higher levels.
If you have any questions feel free to ask!
Hope you enjoyed this quick BTC analysis. ;)
(Last analysis played out really well, hope to make some gains again!)