100% analysis of the situation with bitcoin - Done BTC/USDT
Hello dear friends.
Congratulations to all those who wrote me messages with a profit (not a loss)
I am very pleased with this, and I understand that you have begun to read my trading ideas wisely (and not just position and only expect profit)
Remember, I never have 100% work in trading, I also have losses, but I respect all the risks in order to continue to trade only in the profit.
I never overstate the lot, I never trade with a large leverage (no more than x3)
I always trade with stop loss, and always have a fallback option if one of them did not work.
Please do not overstate the lot, trade wisely, set take profit, move stop loss to breakeven, follow all trading rules, as well as risk and money management. If you do not know something - write to me, I will help you understand the situation. But only if you stick to what I write to you. (I am also wrong, very rarely, but I am wrong) - do not forget about it.
I marked the dotted lines for you (red / green, so that it would be easier for you to see the levels)
Now about trade
At this time, we are updating the lower boundaries from which the price pushed up.
For me, this is a corrective movement, and possibly even a price reversal level. And the beginning of a bearish price decline (I may be wrong - do not forget about it), even if all my trading recommendations have been worked out by 100% - there will be an error.
Please read my comments, follow what I write and you can make good money.
At the moment, we opened a long position to catch the update of the magnetic level - 32500-32850
And this level must be monitored very well, because it was from it that the price was pushed up, and also made a true breakout of the level, with a full candlestick on 4h TF
If this level is held, then the price will go up - and all this fall - was devoid of a small correction. Because it will look like this - impulse, correction - and impulse continuation.
A strong support level at 30,000 did not resist, it was broken through, and the price was brought to the level that I wrote to you, namely, to 29,000. (A little lower)
So I would recommend that you work more short than long.
True long - only after the very important, strong level of 35500 has creaked - only in this case it can be said that the price will fly up.
Hint: Identify strong levels for yourself and trade from them.
And if you see where in your favorite "private" traders for the day - they say to buy and open x10-x25 .... please, bypass such forecasts.
Personally, I am waiting for the price to return to the magnetic level (the dotted line is blue, mark 32850 - and I will look for a short position for myself, until such values as 30000-28000-26000 and possibly even 24000 are updated, since here are new targets on CME FUTURES
For those who are looking for a long - from breaking through the level of 35500-35850 - definitely long, for those who are looking for shorts.
On one of the trading operations, the close should be below 30150-29550 - then the price will change to update new, lower values.
Everything between the two levels is flat.
Plus - we have an expanding wedge, going beyond the border of which will show the way to the nearest levels
Congratulations to all those who wrote me messages with a profit (not a loss)
I am very pleased with this, and I understand that you have begun to read my trading ideas wisely (and not just position and only expect profit)
Remember, I never have 100% work in trading, I also have losses, but I respect all the risks in order to continue to trade only in the profit.
I never overstate the lot, I never trade with a large leverage (no more than x3)
I always trade with stop loss, and always have a fallback option if one of them did not work.
Please do not overstate the lot, trade wisely, set take profit, move stop loss to breakeven, follow all trading rules, as well as risk and money management. If you do not know something - write to me, I will help you understand the situation. But only if you stick to what I write to you. (I am also wrong, very rarely, but I am wrong) - do not forget about it.
I marked the dotted lines for you (red / green, so that it would be easier for you to see the levels)
Now about trade
At this time, we are updating the lower boundaries from which the price pushed up.
For me, this is a corrective movement, and possibly even a price reversal level. And the beginning of a bearish price decline (I may be wrong - do not forget about it), even if all my trading recommendations have been worked out by 100% - there will be an error.
Please read my comments, follow what I write and you can make good money.
At the moment, we opened a long position to catch the update of the magnetic level - 32500-32850
And this level must be monitored very well, because it was from it that the price was pushed up, and also made a true breakout of the level, with a full candlestick on 4h TF
If this level is held, then the price will go up - and all this fall - was devoid of a small correction. Because it will look like this - impulse, correction - and impulse continuation.
A strong support level at 30,000 did not resist, it was broken through, and the price was brought to the level that I wrote to you, namely, to 29,000. (A little lower)
So I would recommend that you work more short than long.
True long - only after the very important, strong level of 35500 has creaked - only in this case it can be said that the price will fly up.
Hint: Identify strong levels for yourself and trade from them.
And if you see where in your favorite "private" traders for the day - they say to buy and open x10-x25 .... please, bypass such forecasts.
Personally, I am waiting for the price to return to the magnetic level (the dotted line is blue, mark 32850 - and I will look for a short position for myself, until such values as 30000-28000-26000 and possibly even 24000 are updated, since here are new targets on CME FUTURES
For those who are looking for a long - from breaking through the level of 35500-35850 - definitely long, for those who are looking for shorts.
On one of the trading operations, the close should be below 30150-29550 - then the price will change to update new, lower values.
Everything between the two levels is flat.
Plus - we have an expanding wedge, going beyond the border of which will show the way to the nearest levels
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