BTC/USDT: Imminent Rebound Potential Based on 4H ISPD Indicator
I’m sharing an interesting observation on BTC/USDT in the 4-hour timeframe. The ISPD indicator is showing promising signs, particularly with the Mason line currently touching its base. This setup could potentially trigger a significant rebound. (you can find this indicator freely using the mason line indicator).
Two scenarios appear to be forming based on this analysis:
A direct rebound towards the $66,000 level.
A rebound to $66,000 followed by a correction to establish a new low.
Additionally, should the price start to decline, I am prepared to pyramid my position down to $57,000. This strategy is aimed at leveraging potential price dips to enhance my position effectively.
I'm placing a conservative swing trade position, waiting to observe more positive signals before strengthening my position. This approach remains cautious until additional confirmations are established.
I'm eager to hear your thoughts and analyses on this setup. Feel free to share your opinions and discuss potential strategies for BTC/USDT under the current market conditions.
Trade safely !!
Two scenarios appear to be forming based on this analysis:
A direct rebound towards the $66,000 level.
A rebound to $66,000 followed by a correction to establish a new low.
Additionally, should the price start to decline, I am prepared to pyramid my position down to $57,000. This strategy is aimed at leveraging potential price dips to enhance my position effectively.
I'm placing a conservative swing trade position, waiting to observe more positive signals before strengthening my position. This approach remains cautious until additional confirmations are established.
I'm eager to hear your thoughts and analyses on this setup. Feel free to share your opinions and discuss potential strategies for BTC/USDT under the current market conditions.
Trade safely !!
Comment:
Second ISPD buy signal on BTC/USDT in 4 hours. Position size increased as planned for swing position.
Comment:
Cute 50% of the position with 4% profit. I'm letting the rest run and will buy lower in the case of a further correction.
Trade closed manually:
Close swing trade with 50% at 4% gain and 50% at 7% gain. waiting for new signals. My long open positions between 30k and 15K are still open with only a few profits taken.