Bitcoin TA - Upside Zones, Downside DCA Zones, Key Levels
Welcome to my Bitcoin TA where I go thru just the chart from a high level looking for areas of trading opportunities. The foundation of this whole video comes down to this:
I've shared this chart with all drawings organized in folders and such. I keep this updated and will share on future updates. This covers all VCs, significant levels, anchored vWAPs, key pivots, and more, all organized in the object tree:
https://www.tradingview.com/chart/oHAML25l/
Here's what we cover in the video...
If Day RDA holds
The first thing we cover is if the current test of the Daily RDA holds what the upside trade looks like.
I identify the upside zones and key levels that I would watch and trade around.
The RDA (RexDog Average with ATR) is a bias and reaction zone indicator found here on TV, usage in description.
Pull Back Scenarios and DCA areas
- I'm of the opinion Bitcoin will get above 100K.
- So I'm doing TA on where to put my entry zones. - 1st Entry hit at 59,872
- I'm out of all swings and also looking for swing entry zones.
I've shared this chart with all drawings organized in folders and such. I keep this updated and will share on future updates. This covers all VCs, significant levels, anchored vWAPs, key pivots, and more, all organized in the object tree:
https://www.tradingview.com/chart/oHAML25l/
Here's what we cover in the video...
If Day RDA holds
The first thing we cover is if the current test of the Daily RDA holds what the upside trade looks like.
I identify the upside zones and key levels that I would watch and trade around.
The RDA (RexDog Average with ATR) is a bias and reaction zone indicator found here on TV, usage in description.
Pull Back Scenarios and DCA areas
- RDA Week Projection Print - We cover the upside print of the week projection of if the all-time high is broke where we can expect the market to hit.
- Immediate market view - I also dive into the immediate Market View using the 30 minute time frame, which I call the structure time frame. the key element there is that we are right at the mid control for the day.
- Bias and Momentum - from here we cover buy us a momentum from a daily and weekly time frame.
- Current Value Channel - we also talk about the key levels of the current value channel that BTC is trading within.
- Anchored vWAPs - I also dive into anchored V waps from significant highs and significant lows. one of the major things that came about in this analysis was we are in a fight between the most recent significant high and low anchored vWAP. those levels couldn't be any more clear
- RSI Signal Zones - we also dive into the RSI signals and the triangle pattern. currently waiting for a green triangle to complete the triangle pattern otherwise it looks like based on the RSI we could see more downside.
- Best Crypto Trading Timeframe - I also share the single best time frame to trade crypto on especially for swing and long-term trades.
Get the best... join my Discord: discord.gg/WgjsxVz
We are still in this buy zone that I've o 63,359 to 62,000 with next target outlined here:
one thing to note is our upside reaction sell off zones almost hit spot on. For me this is just something I like to ensure from time to time that my system is still operating as it should.
One thing I am considering...
If my total basis for these buys is breached by one percent I think I'll get out and wait for a lower level to add to my overall Bitcoin position. Ideally this pullback would like to add quite a few BTC to the long term wallet. So starting over when there might be a deeper seven to 12% pullback makes sense.