Enter on a logical level, move to 8,800 -> 9,000 possible

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Today bar is likely to end up as a pin bar . It is to be expected, bitcoin was in a contraction phase and November crash created strong Ichimoku cloud upfront. On top of all that, sudden upward movement happened to leave 3rd deviation Bollinger Bands , which is statistically more frequent on cryptocurrencies but still increases pullback probability by a great margin.

I recommend avoiding trading against the trend. My personal setup is to enter on a logical level based on Volume Profile . Reaching a low volume area, however, is not a signal by itself. Price action signal should appear on the level. Another pinbar would be most comfortable to trade, but something like outside bar appears, I will take it too. I'll update the analysis when we reach the level.

I will be rating all my analysis this year. This setup will be considered successful if we reach the lower rectangle and open a successful long position based on price action with a minimum of 2:1 ratio

Good luck
Comment: In the meanwhile, this is an altcoin trade of my choice
Shouldn't take too many days till btc buy signal is generated.
Trade active: Saturday and Sunday will be likely inside candles, it is possible to start buying now. Buy near the rectangle.
Trade closed: target reached: This move is pretty fast, but I expect it to stop at least to 8,400 USD now. My stats on analysis in 2020 are now:
•A total potential reward of all my analysis is 5 out of which 2 was realized.
•The total risk of all my analysis (number of analysis) is 2 out of which 1 was realized.
•Trading based on my published analysis would equal to closing one RRR 2:1 position successfully.
Comment: Just a correction, RRR is meant to be 1:2 I wrote the numbers in a wrong order.