Bitcoin on 1hr first decline in to support after strong up
On 1hr it’s first decline after very strong run up.
First decline after strong run up always buyable.
Just for example 4 hr chart of bitcoin in purple circle first decline in to support band after run up.
On daily it’s also first decline in support after strong run up, and prices manage to stay above bolinger .
On 15 min another example (it was yesterday) first decline after strong run up.
I am buying now.
Potentially if price will go up combine with daily it will run to 20000 and then to 24000 from here
The set up will be invalidated by breaking below support band 60 ema and close candle below (around 18800 now)
But then Below 4hr support band will come in to play with same setup.
So now i am looking at potential setup to buy some bitcoin between 19000 and 18800 with very close stop and 5-10times profit, let’s say i buy at 19000 my stop below 18800 and my tp around 20000-22000 .
I don’t do this math beforehand just now for example. If it’s start declines to 18800 level I would buy more to average down my price better .
Play small always, never bet farm on every opportunity. Everything here works sometimes, but nothing works all the time.
Let’s see now.how this will develop.)))
First decline after strong run up always buyable.
Just for example 4 hr chart of bitcoin in purple circle first decline in to support band after run up.
On daily it’s also first decline in support after strong run up, and prices manage to stay above bolinger .
On 15 min another example (it was yesterday) first decline after strong run up.
I am buying now.
Potentially if price will go up combine with daily it will run to 20000 and then to 24000 from here
The set up will be invalidated by breaking below support band 60 ema and close candle below (around 18800 now)
But then Below 4hr support band will come in to play with same setup.
So now i am looking at potential setup to buy some bitcoin between 19000 and 18800 with very close stop and 5-10times profit, let’s say i buy at 19000 my stop below 18800 and my tp around 20000-22000 .
I don’t do this math beforehand just now for example. If it’s start declines to 18800 level I would buy more to average down my price better .
Play small always, never bet farm on every opportunity. Everything here works sometimes, but nothing works all the time.
Let’s see now.how this will develop.)))
