Strategy still holds the trade.
Stop loss is moving to follow the trend.
Higher High - Higher Low is activated.
1. How to use Keltner Channel
a_ Length of Keltner's basis line is 50. It gives the best result in finding rule of BTCUSD.
b_ How to confirms a trend.
- Upper 2 is used to confirm Keltner channel at Uptrend.
- Lower 2 is used to confirm Keltner channel...
Hello Dear Traders,
In last post i mentioned about buyers area... BTC exactly bounced frm Buyers area which was 50500$.
In 2 days we will close weekly candle, last weekly candle was bearish that's why current week we seen dominated by bears.
bt bulls shown great comeback and daily candle closed strong bullish after so many days.
btc will drop on lower timeframe bt...
💡 Hello everyone, if you like my idea, follow me with likes and comments, I will also try to share the best ideas with you, Always do your own research before opening positions and always put stop limit.
Welcome to this quick update guys BTC needs to break and close above the $54.5k level.
Thought the price did hold the 50k level but we need to get back into the larger channel (the blue one) to be bullish again.
Currently, 21DMA is the resistance level at $53692 and 200D MA support at $53123.
Once we break and close above the 21D MA, THINGS WILL GET BETTER FOR...
After Strong Decline BTC discovered Demand zone at 50600, Above I mentioned Buyers and Sellers area.
When price tests these zone we will see buying and selling pressure.
Previous expirations were 30th October 2020, 27th November 2020, 25th December 2020, 29th January 2021, 26th February 2021
From thes dates we got a quick burst away followed by a retrace to price area of expiration, in all cases but the December expiration which just aped up
Price proceeded to move up around 25-40% from expiration to expiration which isn't even...
Hello Dear Traders,
In Last post i discussed about how elon musk tweet energized market again btc tested 57k after tweet and it started dumping.
On many posts i mentioned about how Short sellers are shorting btc on every rise.
today btc dumped frm very important demand zone 54k, and now testing 50k psychological level.
if btc doesn't sustain here then next solid...
Hello Dear Traders,
Frm Last 6 days we were seeing continuous decline in btc price, in previous posts also many times i mentioned tht 53500$ is Strong demand zone and if btc goes below this demand zone then things may get ugly bt like always when elon musk tweeted tht tesla Accepting Bitcoin as payment within few hours again strong positivity came in market and...
We had a pennant form which price dropped out of and retested and was rejected
These turn into bull flags so would make sense if price dropped into low 50s high 40s to form the descending trendline of support (bottom of bull flag)
Micro range low at 53300, close below here, would look to short a retest to 1W range mids at 51300 and just beneath into golden pocket...
I took the last BTC correction pattern and adapted it to the current correction. We can see a lot of similarities so far... So here are maybe the next BTC movements.
💡 Hello everyone, if you like my idea, follow me with likes and comments, I will also try to share the best ideas with you, Always do your own research before opening positions and always put stop limit.
Good morning people ,👍
𝙒𝙤𝙪𝙡𝙙 𝙮𝙤𝙪 𝙡𝙞𝙠𝙚 𝙩𝙤 𝙠𝙣𝙤𝙬 𝙖𝙩 𝙬𝙝𝙖𝙩 𝙥𝙤𝙞𝙣𝙩 𝙩𝙤 𝙗𝙪𝙮 $BTC ?🤑🤑
I teach you easily with a graph , the only thing you have to memorize are the 4 areas drawn with 🔴Red / 🟡Yellow / 🟢Green and ⚫Black.
🟩Best entry : 43 000 USD
🟨A good entry : 50 000 USD
🟥Risky entry : 57 250 USD
⬛Danger zone : 37 250 USD
Depending on the risk you want to take, you...
locally we are in a big sideways
support area 54-53
Breakdown of this zone will open the way to 46k
there is a possible rebound in the green square.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your...
As you can see the price bounced right off the 200D MA.
What really matters is whether we hold this weekly above the 58k level. If BTC achieves this level again we can see a pump towards 73k and it will be parabolic.
Also, the second condition: Unless we trade above the 21D MA I am still not convinced with this pump.
Pay attention to the lower trendline...
