BTC Short from Resistance Pivot to Support Pivot
Please leave a like if you find value in this post. It is a really quick and effective way to show your support! Thank you and have a great day!
---
Strategy:
If BTC closes a 3H, 4H, or 12H below the yellow price pivot zone at 5500, then we will go short to the next yellow support box around 4850.
You can enter the trade upon closure or wait for a re-test of resistance for a better entry. Better entry targets may be found on the 15m chart.
There are three take profit targets from entry down to the next support zone (the blue box at 5150). If we hit all these targets and the bears continue their rampage, then we have two additional targets.
The top yellow resistance zone at 5500 has held as strong resistance this past few days and can presents us with a nice risk to reward trade setup.
I am going to publish a separate trade setup in the event we start closing above 5500!
---
Entry: 5440.5
Entry Zone: 5485-5367
T1: 5379
T2: 5275
T3: 5095
T4: 4955
T5: 4775
Stop: 5749.5
--
R:R: 2.15
Risk: 5.68%
Reward: 12.23%
Leverage: 5X
Leveraged Risk: 28.4%
Leveraged Reward: 61.15
--
Disclaimer:
This is not financial advice. I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. This is for educational purposes only.
---
Strategy:
If BTC closes a 3H, 4H, or 12H below the yellow price pivot zone at 5500, then we will go short to the next yellow support box around 4850.
You can enter the trade upon closure or wait for a re-test of resistance for a better entry. Better entry targets may be found on the 15m chart.
There are three take profit targets from entry down to the next support zone (the blue box at 5150). If we hit all these targets and the bears continue their rampage, then we have two additional targets.
The top yellow resistance zone at 5500 has held as strong resistance this past few days and can presents us with a nice risk to reward trade setup.
I am going to publish a separate trade setup in the event we start closing above 5500!
---
Entry: 5440.5
Entry Zone: 5485-5367
T1: 5379
T2: 5275
T3: 5095
T4: 4955
T5: 4775
Stop: 5749.5
--
R:R: 2.15
Risk: 5.68%
Reward: 12.23%
Leverage: 5X
Leveraged Risk: 28.4%
Leveraged Reward: 61.15
--
Disclaimer:
This is not financial advice. I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. This is for educational purposes only.
Nota
Consider closing out this trade early if the bulls start closing 4H candles above the yellow resistance pivot zone around 5500, then going long. I will post and update for the long shortly. Let's get this crypto!
Nota
Here is the long setup! 
Nota
Keeping a close eye on 3H stochastics. They can help identify support/resistance in ranging markets. We will be nearing the top side of the range soon. This indicator can help confirmation our entry. Nota
We can use RSI patterns to help us with confirmations as well! Check out how price broke out of this wedge, then perfectly retested it. I missed the entry for this long.
Nota
T1: 5379 - Hit 5.65% GainT2: 5275
T3: 5095
T4: 4955
T5: 4775
Nota
1H Historical Volatility Percentile (HPV) is getting really low. Look what happened the last three times this happened. There is a good chance we'll see a nice impulse in one direction or the other in the very near future. Typically, we see HVP get low, or flash like it is now, then we see an impulse in price movement along with increased volume. Low HVP can help to identify an incoming move, but it does not provide any insight into direction.
Nota
The 2H Historical Volatility Percentile (HPV) trend line suggests we will be ranging within this formation for a little longer. Check the HPV indicator at the bottom of this chart. We typically break out of these formations after coming about 70-75%. This would suggest a breakdown or breakout some time this week to early next week. Nota
T1: 5379 - Hit 5.65% GainT2: 5275 – Hit 15.2% Gain
T3: 5095
T4: 4955
T5: 4775
Nota
T1: 5379 - Hit (5.65% Gain)T2: 5275 – Hit (15.2% Gain)
T3: 5095 - Hit (31.75% Gain)
Nota
Follow our channel now for regular day trading ideas! Let's get this crypto!
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.