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HumbleFutures
Jul 20, 2023 2:51 PM

BTC bounce looks good for 2.76 R Long

Bitcoin / TetherKuCoin

Description

looking for BTC to hold on the purple line for a bounce back to the 30K area for 2.76 R intraday leveraged trade.

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Good strong start to this position right off the bat, entry was quick and dirty. Should struggle a bit until ETH breaks lows one more time, then we will see some fluid ups.

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will be covering all up into 29857... way too weak here and if LTC pushes lower off VWAP it will drag everything with it.

Comment

all out target pulled down to 29885

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there is an enormous seller in this market... Price is being SUPER resilient though... incredibly resilient.

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Entries

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covered 1/4 29748.9

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covered 1/2 (3/4 total) at 29848.6

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1/4 remaining, stops to +311 :)

Trade closed: target reached

all out. Not a huge trade but a good one considering the weakness starting to show up. +1.2R net.

Comments
alibaba118
no agree
Because the statistics of unemployment claims were announced today, the Federal Reserve will increase the interest rate next week, and it may increase this rate again by the end of the year, so we should be buying. Good luck
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