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DMG_Intelligence
Jan 25, 2020 9:08 AM

Bitcoin - How to trade it now? Long

BINANCE:BTCUSDT240
Bitcoin / TetherUSBinance

Description

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BTC/USD is looking nice, we should all be looking for longs now with very nice risk reward. I found 2 beautiful ways of trading it with the highest probability of success. Simple trading always!

Why I am looking for longs now?

-Bullish divergence in the 1H - 4H
-Hidden bullish on the Daily
-Previous daily resistance trendline was broken

Look at the chart for entries and SL.

Please comment "I agree" to show me some love.

Thank you and have a wonderful day!
Support and ResistanceTrend LinesMultiple Time Frame AnalysisBTCUSDBTCUSDTBTCXBTUSDbictoin
Comments
Crypto_Odin
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Agree with the analysis
DMG_Intelligence
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@Crypto_Odin, Thank you my friend! Appreciate that you like it.
Crypto_Odin
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@DMG_Intelligence, you are welcome!
marcopolo7
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Agreed
DMG_Intelligence
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@marcopolo7, Thank's my friend! For the first trade, I see 2 ways of trading it!

1) Conservative is the one in the chart
2) Aggressive: Long now and put a SL below the previous 4H wick (still a nice Risk Reward)

Are you long or short now?
marcopolo7
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@DMG_Intelligence, I'm long
DMG_Intelligence
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@marcopolo7, Nice, personally I would be taking 70% of profit at $8821 (0.618 fib retracement)
marcopolo7
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@DMG_Intelligence, Great target, sir! and it coincides with the top of the channel since June 2019.
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