Welcome back to another Bitcoin Analysis!
This upcoming week will be an important one for BTC as we are very likely heading for the 6,2k/6,4k price levels. We've seen insane support at those prices in the past BUT if 6,2k breaks, take a deep breath, sell your house and brace yourself as its not going to be pretty!!
Anyhow, as always, if you follow our drawings you should be just fine :)
Give us a like and share if you make some profits with this strategy, we would greatly appreciate it ;)
LEGEND
- GREEN/RED LINES are bull and bear Fibonacci Channels = when at least 3 candles/12hours have crossed one of the lines, we usually want to consider taking a position.
- GREEN rectangles are BUY/LONG entry zones
- RED rectangles are SELL/SHORT entry zones
- TP = Take Profit = Short term TARGET
- ORANGE LINES are the 68.1 Fibonacci channels wich are for us, the most important lines to watch for trend/momentum reversals
- THICK RED LINES are the critical support/resistance lines
- BLUE markings are our last predictions and positions (Profits made or lost)
SHORT TERM STRATEGY
FOLLOW our drawings, take your positions according to the buy/sell entry zones and take your profits quickly when the target is reached. (TP)
Unless you're not from this planet, nobody can predict where the price is gonna go, take profits when you can and don't try to hit homeruns.
Our drawings are based on probabilities, trading daily/weekly is a matter of managing your risk, your emotions and sticking to your strategies.
LONG TERM STRATEGY
We strongly believe that BTC is a strong long term buy under 9,000$.
We also believe that It is the safest cryptocurrency to hold for the long term.
That can be explained by many reasons wich we are not going to talk about here.
Visit our under construction website for more details : www.bitcoindistrict.net
OUR GOLDEN RULES
- DISCIPLINE and PATIENCE are key to be successful
- STICK to your plan/strategy
- SMALL positions at ALL times (5% max of your net equity)
- BIG POSITIONS = BAD DECISIONS
- Book/secure consistent profits, don't cap profit potential! 1% weekly profit compounded will make you filthy rich!
- PATIENCE with losing trades, eventually most of them become profits.
- Learn to manage your emotions, don't FOMO (Fear Of Missing Out)
- LONG TERM : "Buy when people sell, sell when people buy"
- BUY THE F****** DIP
FACTS TO ALWAYS KEEP IN MIND
- Trading is HARD. Most traders never manage to be consistently profitable.
- Greed is your enemy.
- A good trader is a good RISK manager.
- The more leverage you use, the more certain you will fail.
- If you can’t sleep at night, your positions are too big.
- You don’t need to have positions open at all times.
- A good strategy is NOT the most important part of your success. DISCIPLINE and PATIENCE come first.
Hope you enjoy our analysis, leave a comment, share and give us a follow to always stay tuned!!
Bitcoin-District
www.bitcoindistrict.net
This upcoming week will be an important one for BTC as we are very likely heading for the 6,2k/6,4k price levels. We've seen insane support at those prices in the past BUT if 6,2k breaks, take a deep breath, sell your house and brace yourself as its not going to be pretty!!
Anyhow, as always, if you follow our drawings you should be just fine :)
Give us a like and share if you make some profits with this strategy, we would greatly appreciate it ;)
LEGEND
- GREEN/RED LINES are bull and bear Fibonacci Channels = when at least 3 candles/12hours have crossed one of the lines, we usually want to consider taking a position.
- GREEN rectangles are BUY/LONG entry zones
- RED rectangles are SELL/SHORT entry zones
- TP = Take Profit = Short term TARGET
- ORANGE LINES are the 68.1 Fibonacci channels wich are for us, the most important lines to watch for trend/momentum reversals
- THICK RED LINES are the critical support/resistance lines
- BLUE markings are our last predictions and positions (Profits made or lost)
SHORT TERM STRATEGY
FOLLOW our drawings, take your positions according to the buy/sell entry zones and take your profits quickly when the target is reached. (TP)
Unless you're not from this planet, nobody can predict where the price is gonna go, take profits when you can and don't try to hit homeruns.
Our drawings are based on probabilities, trading daily/weekly is a matter of managing your risk, your emotions and sticking to your strategies.
LONG TERM STRATEGY
We strongly believe that BTC is a strong long term buy under 9,000$.
We also believe that It is the safest cryptocurrency to hold for the long term.
That can be explained by many reasons wich we are not going to talk about here.
Visit our under construction website for more details : www.bitcoindistrict.net
OUR GOLDEN RULES
- DISCIPLINE and PATIENCE are key to be successful
- STICK to your plan/strategy
- SMALL positions at ALL times (5% max of your net equity)
- BIG POSITIONS = BAD DECISIONS
- Book/secure consistent profits, don't cap profit potential! 1% weekly profit compounded will make you filthy rich!
- PATIENCE with losing trades, eventually most of them become profits.
- Learn to manage your emotions, don't FOMO (Fear Of Missing Out)
- LONG TERM : "Buy when people sell, sell when people buy"
- BUY THE F****** DIP
FACTS TO ALWAYS KEEP IN MIND
- Trading is HARD. Most traders never manage to be consistently profitable.
- Greed is your enemy.
- A good trader is a good RISK manager.
- The more leverage you use, the more certain you will fail.
- If you can’t sleep at night, your positions are too big.
- You don’t need to have positions open at all times.
- A good strategy is NOT the most important part of your success. DISCIPLINE and PATIENCE come first.
Hope you enjoy our analysis, leave a comment, share and give us a follow to always stay tuned!!
Bitcoin-District
www.bitcoindistrict.net
Trade active:
WARNING : BITCOIN BROKE THE 6,2K SUPPORT AND BOUNCED BACK UP IMMEDIATLY. HIGH VOLUME INDICATES STRONG SUPPORT.
IF BTC DOESNT HOLD 6,2K AND FALLS BELOW 6,1K WE WILL TAKE A SHORT POSITION AND BEGIN OUR ROLLERCOASTER RIDE TO 5,4K.
STAY TUNED.
IF BTC DOESNT HOLD 6,2K AND FALLS BELOW 6,1K WE WILL TAKE A SHORT POSITION AND BEGIN OUR ROLLERCOASTER RIDE TO 5,4K.
STAY TUNED.