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Strategy:
BTC has confirmed Bullish Divergence all the way up to the 12H chart.
If we start closing 3H, 4H, 12H, 24H candles above the yellow support pivot box around 5500, then we are going long to just above the 4H 55EMA.
I also have a short trade linked below if we continue closing candles below the yellow support pivot zone around 5500.
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Entry: 5492.5
Entry Zone: 5375-5570
T1: 5593.5
T2: 5705
T3: 5888
T4: 6050
T5: 6242
Stop: 5145.5
---
R:R: 2.16
Risk: 6.32%
Reward: 13.65%
Leverage: 3X
Leveraged Risk: 8.96%
Leveraged Reward: 40.95%
--
Disclaimer:
This is not financial advice. I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. This is for educational purposes only.
---
Strategy:
BTC has confirmed Bullish Divergence all the way up to the 12H chart.
If we start closing 3H, 4H, 12H, 24H candles above the yellow support pivot box around 5500, then we are going long to just above the 4H 55EMA.
I also have a short trade linked below if we continue closing candles below the yellow support pivot zone around 5500.
---
Entry: 5492.5
Entry Zone: 5375-5570
T1: 5593.5
T2: 5705
T3: 5888
T4: 6050
T5: 6242
Stop: 5145.5
---
R:R: 2.16
Risk: 6.32%
Reward: 13.65%
Leverage: 3X
Leveraged Risk: 8.96%
Leveraged Reward: 40.95%
--
Disclaimer:
This is not financial advice. I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. This is for educational purposes only.
Comment:
If you go long, but then price reverses and starts closing candles below the yellow support/resistance zone, then consider closing out the trade early and going short. Trading around these price pivot zones provide excellent risk to reward opportunities.
Comment:
We appear to have broken out of the Descending Triangle. The measured move from that pattern takes up right to the bottom of the next resistance zone, which provides nice confluence.
The measured move also aligns perfectly with the 0.618 Fibonacci from the impulse down during this last meltdown and the last wick high.
If price breaks above the yellow support/resistance zone, then we are likely to hit $5.9K-$6.1K thereafter.
The measured move also aligns perfectly with the 0.618 Fibonacci from the impulse down during this last meltdown and the last wick high.
If price breaks above the yellow support/resistance zone, then we are likely to hit $5.9K-$6.1K thereafter.
Comment:
All targets were hit after a 4H close above resistance. I did not enter this trade, however, because I did not get a clean entry. Idea was valid though!
Let's get this crypto!
Let's get this crypto!
Comment:
T1: 5593.5 - HIT (5.51% Gain)
T2: 5705 - HIT (11.6% Gain)
T3: 5888 - HIT (21.6% Gain)
T4: 6050 - HIT (30.45% Gain)
T5: 6242 - HIT (40.93% Gain)
All targets hit! Let's get this crypto!
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T2: 5705 - HIT (11.6% Gain)
T3: 5888 - HIT (21.6% Gain)
T4: 6050 - HIT (30.45% Gain)
T5: 6242 - HIT (40.93% Gain)
All targets hit! Let's get this crypto!
Follow this channel to review more crypto day trading setups!
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