Today, we will offer you several possible trades on the BTCUSDT pair, and it's up to you to decide whether they are worthy of your attention or not.
Today, the expiration date for Options & Futures on a number of financial markets. Expiration is bound to cause increased volatility, as it is a mandatory one-step settlement of previously concluded contracts. Someone will sell, and someone will buy, and the trading volume will be huge.
This is our expectation for today: - Most likely, shorts will first try to push the price down as low as possible in order to settle at the lowest possible price. - And then many shorts will close positions. Closing a short position is market orders buying. Buying at the market orders usually provokes impulsive and strong growth.
Since we can't really estimate how strong the volatility will be today, we put our expectations into 4 trades that fit within the framework of our risk and money management: 1) Entry $20301, Stop $19799, Take profit $22384, P/L 4.1/1 2) Entry $19411, Stop $18759, Take profit $22384, P/L 4.5/1 3) Entry $18771, Stop $18139, Take profit $22384, P/L 5.7/1 4) Entry $18201, Stop $17644, Take profit $22384, P/L 7.5/1
You can agree with these trades and try to trade them, or you can disagree and not trade them. However, you are obliged to write a comment under this idea and like it, so that TradingView can notify you that we have updated the idea and summarized the results of this trading situation.
We would also like to note that all of the above trades fit into the structure of a possible continuation of the growth of the Bitcoin price, which was presented earlier:
1-day timeframe
1-week time frame
1-month time frame
In total, the crypto market capitalization grew +20% over the month
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