prem_sagar
Short

A Complete Trading Setup for the upcoming BITCOIN HALVING event

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hello viewers this is my first idea im publishing on trading view
If you like my idea do like and share your opinion in the comments section below :)
do share your ideas in the comments.

Bitcoin has been seen to be struck inside the triangle pattern .
After seeing a major uptrend in bitcoin price which is driven by organic buyers
and then a dip towards 8400 level where many dip buyers have used this opportunity
to enter a long position. The 8700 level seems to be acting as a strong support line
but a dip towards the 8200 level is still on the table.

coming to my idea

bitcoin price surging above 9000 level has a high possibility a rejection
after testing the 10500 price level which is the top of the triangle and this rejection would lead to a drop to the 8000 level.

keeping in the mind about the upcoming bitcoin halving event a long position till the 10300$ level seems to be a good opportunity

1.Open Long setup till bitcoin halving
Open long position : 8200$-8450$ level
Take profit : 10250$
Stop loss : 7700$

A drop till 7700$ has a very less possibility but is still on the table

My view for a short term trade is bearish (during or after halving)
in my opinion opening a short position seems to be a good opportunity according the technical view

2. Open short position : 10300$-10400$ level
Take profit : 8000$ level
Stop loss : 10700$

Tails are a very common thing when it comes to bitcoin but tails above 10600 is not expected.

this is the setup im using depending on my own ideas and technical analysis

a drop towards 2400$ is still on the table according to the technical analysis
which ill post later after the bitcoin halving event.
stay tuned and do follow for weekly trading setup ideas.

it is important to remember that im not a registered financial adviser do follow my idea at your own risk.
every trade has it own risks so do your own research before trading.
Trade active: Have a look at the bitcoin's current situation.
be ready to cash from my previous trade idea

wish you luck!
Comment:
URGENT*
Comment: View the above idea and read the description completely.
Trade active: target 1 reached

Comments

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