"Riding the Bull: Explosive Long Trade Opportunity for #BTC_USDT
Dear Trading view family,
Symbol: #BTC_USDT
Strategy: #Trendline #Support_Resistance #RSI #Fibonacci_Retracement #Fibonacci_Extension, #Swing_Highs #Swing_Lows #Dow_Theory # BULLISH_RSI_DIVERGENCE, # BULLISH_BB_DIVERGENCE # GOLDEN_RATIO, #Pull_Back, #SR_FLIP_ZONE, #BULLISH_MEGAPHONE_PATTERN.
TRADE IDEA:
Trade Call Type: #LONG.
Order Type: Buy Limit
CONDITIONS: On the retest of Handle's Lower Support Trendline & Potential HL on Daily Time Frame while Price Action in forming HHs and HLs according to DOW Theory. SR FLIP ZONE RETESTING 1ST TIME. Formation of BULLISH MEGAPHONE PATTERN, RSI Bullish Divergence, BB Bullish Divergence and price pull back from golden ration.
Stop Loss is below the previous HL on Break of Structure of current Uptrend.
Entry: LONG when price retest SR Flip Zone. ower Support Trendline of Handle.
Anchor Time: 4 Hours
Trading Time Frame: 1 Hours.
Entry price: 28746.26
Take Profit: 31830
Stop Loss: 27655
RRR- 2.83
Risk Size: 2% of Balance.
Methodology:
As a professional and experienced forex, crypto and stocks trader, I will be using a rigorous methodology that involves analyzing the price action and key levels and using a combination of indicators, harmonic chart patterns and chart patterns. I will be looking for potential trendlines , support & resistance levels where the price action may reverse and using our indicators to confirm the validity of our analysis. Based on my analysis, I will then determine the optimal entry and exit points for our trade, as well as the appropriate stop loss level to manage risk.
Conclusion:
Based on our analysis, I believe that there is a potential trading opportunity for a LONG trade.
Risk Assessment:
Conservative Traders risk 0.5% to 1.5%, moderator traders risk 1.6% to 3.5% and aggressive traders risk 3.6% to 5% of their account per trade.
Please use Position size calculator to calculate your risk per trade.
Overall, I believe this setup has a good chance of success based on the technical analysis , but as always, it's important to monitor the price action closely and adjust the trade if necessary based on new information.
Symbol: #BTC_USDT
Strategy: #Trendline #Support_Resistance #RSI #Fibonacci_Retracement #Fibonacci_Extension, #Swing_Highs #Swing_Lows #Dow_Theory # BULLISH_RSI_DIVERGENCE, # BULLISH_BB_DIVERGENCE # GOLDEN_RATIO, #Pull_Back, #SR_FLIP_ZONE, #BULLISH_MEGAPHONE_PATTERN.
TRADE IDEA:
Trade Call Type: #LONG.
Order Type: Buy Limit
CONDITIONS: On the retest of Handle's Lower Support Trendline & Potential HL on Daily Time Frame while Price Action in forming HHs and HLs according to DOW Theory. SR FLIP ZONE RETESTING 1ST TIME. Formation of BULLISH MEGAPHONE PATTERN, RSI Bullish Divergence, BB Bullish Divergence and price pull back from golden ration.
Stop Loss is below the previous HL on Break of Structure of current Uptrend.
Entry: LONG when price retest SR Flip Zone. ower Support Trendline of Handle.
Anchor Time: 4 Hours
Trading Time Frame: 1 Hours.
Entry price: 28746.26
Take Profit: 31830
Stop Loss: 27655
RRR- 2.83
Risk Size: 2% of Balance.
Methodology:
As a professional and experienced forex, crypto and stocks trader, I will be using a rigorous methodology that involves analyzing the price action and key levels and using a combination of indicators, harmonic chart patterns and chart patterns. I will be looking for potential trendlines , support & resistance levels where the price action may reverse and using our indicators to confirm the validity of our analysis. Based on my analysis, I will then determine the optimal entry and exit points for our trade, as well as the appropriate stop loss level to manage risk.
Conclusion:
Based on our analysis, I believe that there is a potential trading opportunity for a LONG trade.
Risk Assessment:
Conservative Traders risk 0.5% to 1.5%, moderator traders risk 1.6% to 3.5% and aggressive traders risk 3.6% to 5% of their account per trade.
Please use Position size calculator to calculate your risk per trade.
Overall, I believe this setup has a good chance of success based on the technical analysis , but as always, it's important to monitor the price action closely and adjust the trade if necessary based on new information.