₿ITCOIN, analysis update.... SETTING A LONG POSITION

I will be placing buys for a leverage long position to add on to some of my previous positions. I have staggered orders throughout the pink box shown above, ($14,000-$14,750) BTCUSD My stop loss is set at the bottom of the hourly below the Ichimoku Cloud Senkou Span ($13,200)

1 Hour Bitfinex with indicators BTCUSD

4 Hour Bitfinex BTCUSD shows plenty of range to enter into this position, the orange Tenkan-sen (Conversion Line) has crossed bullish over the pink Kijun-sen (Base Line)

4 Hour Bitstamp BTCUSD is on a bit of a different wave length riding very low on the cloud, as long as we don't fall below the orange Tenkan-sen (Conversion Line) I will remain in my position.

I am setting such a broad range and loose stop loss because I expect a bit of volatility before we rally out of this. I am an extremely risk-averse trader so if you are not I recommend patience on this trade as some of the higher time frames have not entirely confirmed the timing on this position.

Daily Bitstamp BTCUSD

Still a healthy range on the weekly for downward movement, $10,500 is actually still a healthy point for Bitcoin BTCUSD regardless of what other parabolic trend twitter celebrities believe. I don't expect anything near that as I have always said we will stay above 10k once we cross solidly. We will not break a trend that is over 2 years old when BTC is at a moment of euphoria with market sentiment. traders that think otherwise don't quite understand the type of analysis needed for these new markets.

Once our rally begins and crosses $20,000 BTCUSD I expect the FOMO from institutions and general public to push this in a rapid rally to the top price point shown on the weekly.

Remember ₿ITCOIN is still king. Don't doubt it.

Dagangan aktif:

Where you patient? Did you fill in the range above? I hope so.... Moving my stop loss up into profits, then riding this long for a while.

Dagangan aktif:

Komen:

Second position for a bounce is 15300 (Senkou) if Tenkan-sen (orange conversion line) doesnt hold

Komen:

Watching volume here as we approach the hourly conversion, we have almost completed a 1-9 td on the hourly generally signaling a trend reversal on the downward trend, there are few mixed signals showing but as we approach resistance once again volume will be my go to indicator.