Bitcoin Scalping Signal for Day Trading
🖥️ We have determined there is a 60% chance Bitcoin will RISE from our current entry point.
📈 LONG BTC - Entry Price : $21,525📉
💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $500 and a minimum expectation of $150.
🕰️ We feel the Minimum Target can be hit within 2 hours, doing a faster spike, but expect it to hit in more so 5 hours. We feel there could be some positive momentum leading into tomorrow's open pushing this trade in 18 hours.
- Jackson Hole is occurring, and Fed Chair Powell is going to speak on Friday. This could cause volatility leading up to the speech. Generally assets have fallen prior to these announcements, and risen after. Though we feel there is enough of a buffer with time to long now.
📈 LONG BTC - Entry Price : $21,525📉
💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $500 and a minimum expectation of $150.
🕰️ We feel the Minimum Target can be hit within 2 hours, doing a faster spike, but expect it to hit in more so 5 hours. We feel there could be some positive momentum leading into tomorrow's open pushing this trade in 18 hours.
- Jackson Hole is occurring, and Fed Chair Powell is going to speak on Friday. This could cause volatility leading up to the speech. Generally assets have fallen prior to these announcements, and risen after. Though we feel there is enough of a buffer with time to long now.
Comment:
We are still holding this position; also we added to it with a second entry at $ 21,200
Trade closed: target reached:
❗💵 Expected Profit Target of $250 Exceeded 💵❗ by $125 dollars . Position closed with stop-loss being hit at $300 in profit.
It was a slightly rocky start to this trade, but we were confident that BTC, at least temporarily, was having greater positive momentum. This can be held into a Swing Trade, but set your Stop-Losses in profit.
It was a slightly rocky start to this trade, but we were confident that BTC, at least temporarily, was having greater positive momentum. This can be held into a Swing Trade, but set your Stop-Losses in profit.