DLavrov

Bitcoin Trading Opportunity

POLONIEX:BTCUSDT   Bitcoin / Tether USD
The price bounced from the kumo and RSI confirmed price reversal. We have a new swing low which can be used for drawing a new uptrend line. This line will be an additional support line for possible upward movement. Also this line will be able to give a signal for downward movement, if the price drops below it. If we look at ADX line of DMI indicator, we can see that it rises and confirms the beginning of possible upward movement. But volume is rather low and we should not expect for strong price movements. In spite of buy opportunity, opening long trades in such market conditions is not the best idea. The resistance zone formed by 2900.00 and 3000.00 levels is not too far from the possible entry level at 2810.00. That's why it will be possible to skip this trade and wait for better trading signals. But if you decide to catch this possible upward movement, good luck! You must be very careful with long trades and use stop orders below 2650.00 for exit if the market starts falling. Profit targets should be at 2900.00 level.
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Is $4480ish It for btc (double top), or is this just a healthy pullback before it climbs into the $4,500's
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Missed that great opportunity but there will be more to come ...
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the h&s pattern is not finished yet and still has not broken the 2909 resistance line. After this next head,im expecting it to drop to the next supporting line which is around 2600 and if it does break that resistance all the way to 2400, god bless my soul
+1 Reply
thanks !!! always very timely, and professional !!!
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why can't i find your telegram?
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This is wonderful sharing! God bless you!
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Thank you as always for your work!
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Don't you think that it is not completed yet H&S pattern? Thanks
+4 Reply
very clear and detail :)
but opportunity trade this time is kind of high risky - so so reward (res @2900 meanwhile entry level should be above @2810) moreover the market and the volume seem not ready to fight the very strong res 2900 (we had 5 tries but failed)
i myself expecting the downtrend to 2600 or even 2400 to grab more volume at 8/5-8/6
let's wait.
+5 Reply
Was waiting your idea, thank you master
+1 Reply
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