Bitcoin opened around 35500 this morning and rallied in early morning trade leading up to the European Open achieving a new daily high of 36871 it retested that high about two hours later and since then we retraced all the way back to close to this morning's open, I'm seeing a juicy long trade opportunity as it goes back to retest the intraday highs in the next couple of hours.
Trade Idea: Long Bitcoin.
Intraday Target: 36700 +
Entry above support at 36100 - 36 200
Stop-loss levels 35800 - 35900
Protect profit from 36150 to 36500
If breaks above 36600 may fly up to retest 36750 - intraday high
Alternatively take profit and rebuy the retracement to previous support levels.
I hope you enjoyed this idea.
Trade Idea: Long Bitcoin.
Intraday Target: 36700 +
Entry above support at 36100 - 36 200
Stop-loss levels 35800 - 35900
Protect profit from 36150 to 36500
If breaks above 36600 may fly up to retest 36750 - intraday high
Alternatively take profit and rebuy the retracement to previous support levels.
I hope you enjoyed this idea.
Trade active:
Entry Levels reached
Comment:
Moving up sharply. Adjust SL accordingly
Trade closed: stop reached
Trade active:
Trade has been re-validated. Entry was too early, now opportunity to enter at a better level and make a previous loss. It was a shake out.
Comment:
Take some profit
Trade closed: target reached:
Great wave trade.
Comment:
Wait for a retracement below 36 181 to look for the next long setup to the next potential intraday high
Trade active:
Is bouncing off 36 181
Re-entry long at the break of 36250 -36285
SL 36099
TP 36350 - 36447
Re-entry long at the break of 36250 -36285
SL 36099
TP 36350 - 36447
Comment:
36181 holding firm as support. Expecting break up towards around 36376 level, next potential resistance
Trade closed: stop reached:
Spike down - shake out
Trade active:
Damn spikes s. re-enter again at 36123
Trade closed: target reached
Comment:
Original trade idea played out as per video. I traded multiple times, overall very successful. BTC has reached close to the day highs.
Trade entry triggered