Bitcoin / TetherUS
Long
Updated

Bitcoin—BTCUSDT—7X Long with 457% potential (Time-sensitive)

510
Prices are higher now compared to 6-February so we reduce risk. Bitcoin is a great buy below $70,000 but too much leverage can result in anxiety, stress or even a loss. With lower leverage, even with a strong chart setup, we can sleep easy while we hold.

Ok. That's not the main theme.

Bitcoin has been trading higher week after week after week. Three weeks now with a bottom that continues to increase. This is the main signal when considering this chart setup in isolation.

It is hard to break support when the market is producing higher lows.

The numbers have been updated to allow for a new entry, relatively low risk, for those that are "late." Not truly late but for those peaking, reaching, getting closer to the market today.

Those that are approaching the market now and still want to trade.

Spot is very easy and that is why it is not even mentioned. The same numbers can be used—buy and hold. That's all. No leverage no risk. Since there is no complexity, it doesn't need to be mentioned at all.

Notice the difference in this set of numbers. All remain active and valid: the 5X, 10X and now 7X.
All are good. The choice is up to you.
____
LONG BTCUSDT

Leverage: 7X

Potential: 457%

Allocation: 5%

Entry zone: $62,000 - $68,100

Targets:

1) $69,800
2) $75,625
3) $85,300
4) $93,100
5) $100,911
6) $112,033

Stop: $59,000
_____

When in doubt, pray!

Thank you for reading.

Namaste.
Trade active
The recent long-squeeze on the daily timeframe reveals a perfect entry opportunity. The bullish bias remains intact. A perfect entry is possible now. Time go LONG.
Note
Targets:

1) $69,800 —Hit (+18%)
2) $75,625 —Hit (+78%)
3) $85,300 —Next target...
4) $93,100
5) $100,911
6) $112,033

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.