BITCOIN - Price in a triangle (INTRADAY BTC / USDT)
More trading analyzes on my channel. Link in the description.
Hello dear friends.
Bitcoin is under consideration. 1 candle = 1 hour.
Let's analyze the situation. First, as you can see on the chart, the price is now consolidating in a triangle (on an uptrend / or already downtrend)
I made a small model for you as not everyone knows how to trade it.
Do not forget that the price is sandwiched between two levels of bulls and bears - Where the struggle is visible on the price fluctuations (candlesticks) of this triangle. Going beyond these levels (green - resistance, red - support)
Open positions only when you have confirmation of the level, as well as price fixing above (long) / below (short) this level.
Another nuance that I want to tell you is that the price corrected by 20% of the growth. It's not bad, but I think it's still worth looking for short entry points rather than long entry points.
Maybe I'm wrong, but I know that most traders from different forums and channels recommend buying, buying and buying again. I will refrain from buying for now, and if the upside exit is confirmed, only then can I say that the price will return to 56,000.
But for me the fall is not over. I look forward to more. More red and more liquidations.
Because if we take the fact that big players were gaining short positions, and now there are even more of them - according to the psychology of trading, we already had such formations - where Bitcoin was bought out and the price only went up.
Also, the quarterly month - MARCH - at 75% - it is always red.
One more fact - weekly and monthly candles - we need a big correction, we need a price pullback for a normal trend. All that is happening now is hype
We'll see.
Each level is important now.
CLUSTER analysis - strong players range 48800-52250 and 38750-42500.
During these few days of falling, the traders and I did everything we could and made money on 6 positions (21530pips / $ PROFIT - one of them is a loss (1000pips / $)
You can see all my trade deals on my channel. Link in the description.
This Channel is not financial advise, It's My opinion and My observation: @opptrade
❗️❗️❗️Disclamer:❗️❗️❗️
Dear friends, traders.
My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading.
- I do not recommend that you trade AT ALL if you do not know what risk management is, money management.
- I do not recommend that you trade without a STOP LOSS.
- And I'm not responsible for your "make millions of dollars fast" gag
- I am only showing you the charts that suit me for certain positions.
- For each position - RESPONSIBILITY LIES ON YOU.
If you don't use all of the above, your deposit will soon become $ 0
- Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be.
In time, i to bee wrong too, and have a loss.
But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term)
I am only showing you how this or that scenario can work in trading.
For all your actions, only you are responsible.
💠💠💠I am not a scammer and I am concerned about your trade.💠💠💠
Hello dear friends.
Bitcoin is under consideration. 1 candle = 1 hour.
Let's analyze the situation. First, as you can see on the chart, the price is now consolidating in a triangle (on an uptrend / or already downtrend)
I made a small model for you as not everyone knows how to trade it.
Do not forget that the price is sandwiched between two levels of bulls and bears - Where the struggle is visible on the price fluctuations (candlesticks) of this triangle. Going beyond these levels (green - resistance, red - support)
Open positions only when you have confirmation of the level, as well as price fixing above (long) / below (short) this level.
Another nuance that I want to tell you is that the price corrected by 20% of the growth. It's not bad, but I think it's still worth looking for short entry points rather than long entry points.
Maybe I'm wrong, but I know that most traders from different forums and channels recommend buying, buying and buying again. I will refrain from buying for now, and if the upside exit is confirmed, only then can I say that the price will return to 56,000.
But for me the fall is not over. I look forward to more. More red and more liquidations.
Because if we take the fact that big players were gaining short positions, and now there are even more of them - according to the psychology of trading, we already had such formations - where Bitcoin was bought out and the price only went up.
Also, the quarterly month - MARCH - at 75% - it is always red.
One more fact - weekly and monthly candles - we need a big correction, we need a price pullback for a normal trend. All that is happening now is hype
We'll see.
Each level is important now.
CLUSTER analysis - strong players range 48800-52250 and 38750-42500.
During these few days of falling, the traders and I did everything we could and made money on 6 positions (21530pips / $ PROFIT - one of them is a loss (1000pips / $)
You can see all my trade deals on my channel. Link in the description.
This Channel is not financial advise, It's My opinion and My observation: @opptrade
❗️❗️❗️Disclamer:❗️❗️❗️
Dear friends, traders.
My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading.
- I do not recommend that you trade AT ALL if you do not know what risk management is, money management.
- I do not recommend that you trade without a STOP LOSS.
- And I'm not responsible for your "make millions of dollars fast" gag
- I am only showing you the charts that suit me for certain positions.
- For each position - RESPONSIBILITY LIES ON YOU.
If you don't use all of the above, your deposit will soon become $ 0
- Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be.
In time, i to bee wrong too, and have a loss.
But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term)
I am only showing you how this or that scenario can work in trading.
For all your actions, only you are responsible.
💠💠💠I am not a scammer and I am concerned about your trade.💠💠💠
Related Ideas
