The "Boing 3X" on
BTCUSDT
is a trading idea that focuses on the movements of Bitcoin (BTC) against the United States Dollar Tether (USDT) on the cryptocurrency market.
The idea is to watch for a possible parabolic move if the 20K price area holds, which is seen as a crucial support level. If the price of Bitcoin starts to break below the green and blue supports, it could indicate that the short-term trend is changing and the price could potentially start falling. A break below the red support level is seen as particularly concerning, with a 99% chance of the price falling further.
The yellow Fibonacci levels point to a potential price of 33K, with resistance levels at 25K and support at the 0.5 Fibonacci level of 22676. There is also another key support level in the "golden zone" at 20K. The idea is to swing trade this opportunity on either the 4-hour or daily chart, with the trade potentially lasting for 1 to 3 months.
In conclusion, the "Boing 3X" on BTCUSDT is a speculative trading idea that is based on technical analysis and price movements. Traders should be aware of the potential risks involved in cryptocurrency trading and should always conduct their own research and analysis before making any investment decisions.
BTCUSDT
is a trading idea that focuses on the movements of Bitcoin (BTC) against the United States Dollar Tether (USDT) on the cryptocurrency market. The idea is to watch for a possible parabolic move if the 20K price area holds, which is seen as a crucial support level. If the price of Bitcoin starts to break below the green and blue supports, it could indicate that the short-term trend is changing and the price could potentially start falling. A break below the red support level is seen as particularly concerning, with a 99% chance of the price falling further.
The yellow Fibonacci levels point to a potential price of 33K, with resistance levels at 25K and support at the 0.5 Fibonacci level of 22676. There is also another key support level in the "golden zone" at 20K. The idea is to swing trade this opportunity on either the 4-hour or daily chart, with the trade potentially lasting for 1 to 3 months.
In conclusion, the "Boing 3X" on BTCUSDT is a speculative trading idea that is based on technical analysis and price movements. Traders should be aware of the potential risks involved in cryptocurrency trading and should always conduct their own research and analysis before making any investment decisions.
Trade active:
Ello there Gamblingview,
The 0.5 fib has done gone and broke down just as we anticipated. I had a jolly good time taking a short over the weekend and then popped back in again when we retested that downtrend resistance at 22060.
Still aimin' for 20860, I am. Taking this trade one step at a time, I am, until it hits the target or goes kaput.
Some chap in the comments thinks I'm bullish, but I say phooey to that! I'm neither a bull nor a bear, I'm just neutral and trading both ways.
Cheers for stopping by!
The 0.5 fib has done gone and broke down just as we anticipated. I had a jolly good time taking a short over the weekend and then popped back in again when we retested that downtrend resistance at 22060.
Still aimin' for 20860, I am. Taking this trade one step at a time, I am, until it hits the target or goes kaput.
Some chap in the comments thinks I'm bullish, but I say phooey to that! I'm neither a bull nor a bear, I'm just neutral and trading both ways.
Cheers for stopping by!
Trade active:
$25230 (upper golden pocket) just hit. If it breaks, straight to 33K, but most likely price will range between fib levels. Meaning: 20K - 22.6K - 25.2K
Trade active:
What else can I say. Respect the TA.
Trade active:
This is the point of truth. Plans works charmingly well so far we made it to the first target by 95%
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