BTCUSDT - Bearish Sentiment: Breaking 11500 Wall; Next up 11.2k
As we can see here on the chart, btc has been bearish recently for these reasons:
*Bullish Trend Broken
*Failed to push past around 11800 levels
*Crossed ichimoku base line
*Failed retake of bullish trend
*Retesting Sell Wall/Target Area
This path is clear due to all of these indicators.
Strategy: Only exit trade if breaks trend significantly
I would advise to enter before it breaks 11.5k.
Low risk trade.
I would appreciate a follow : D more updates coming.
>> Do not trade for no reason, wait for a good entry. <<
1. Always enter with a planned order with TP and SL lines.
2. Always make sure that you are not buying on a whim.
3. Make sure that you are not buying at the peak or end of a trend.
4. After an order gets clapped, do not re-enter.
5. Do not trade in the middle of a trend, trade when it is incoming.
6. Make sure to never trade based off of an open candle unless it is an exit after a bullish run
7. Remember that what drives the market is other people and their emotions
8. Do not escalate risk after a loss, look at indicators for a good entry.
9. Do not buy when a coin is channeling, buy on the start of a breakout
10. Do not buy conflicting coins (mains vs alts)
11. When momentum is slowing, take profit
12. Never trade against a good indicator
*Bullish Trend Broken
*Failed to push past around 11800 levels
*Crossed ichimoku base line
*Failed retake of bullish trend
*Retesting Sell Wall/Target Area
This path is clear due to all of these indicators.
Strategy: Only exit trade if breaks trend significantly
I would advise to enter before it breaks 11.5k.
Low risk trade.
I would appreciate a follow : D more updates coming.
>> Do not trade for no reason, wait for a good entry. <<
1. Always enter with a planned order with TP and SL lines.
2. Always make sure that you are not buying on a whim.
3. Make sure that you are not buying at the peak or end of a trend.
4. After an order gets clapped, do not re-enter.
5. Do not trade in the middle of a trend, trade when it is incoming.
6. Make sure to never trade based off of an open candle unless it is an exit after a bullish run
7. Remember that what drives the market is other people and their emotions
8. Do not escalate risk after a loss, look at indicators for a good entry.
9. Do not buy when a coin is channeling, buy on the start of a breakout
10. Do not buy conflicting coins (mains vs alts)
11. When momentum is slowing, take profit
12. Never trade against a good indicator
Comment:
Broke 11.5k One hour after post. More trend downside expected.
Comment:
Expecting some consolidation at the current area (below 11.5k) just to affirm the trend before go to 11.2k
Trade closed: target reached:
Target was reached but this was one of my past analysis. Trendlines tend to get broken in value areas. Price gathered liquidity at a high before retracing to the 11500 wall a second time until it broke.
Trade closed: stop reached