My trading strategy for the next week.
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Hello traders 👋
To elaborate a trading strategy it requires multiple factors such as The macro-factors : Covid-19 pandemic (lockdowns), supply chain (high transportation prices causing inflation), Ukrain war (causing gas fees to increase) .
The market factors such as The price action on Time Frames, some indicators !
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Points toward the bullish biasis 🐂 :
BTCUSDT
1)First of all we have btc at important on important trendline that only touched 2 times and kicked of an amazing rally ! and the only ones we have seen this year.
2) We have 2 bullish divergences on the rsi.
3) A bullish price action pattern is strong point for bulls such as double bottom, triple botom, inversed head and shoulder, losange, or any other trend reversel or bullish ones. espacially if it is associated with trend reversel candle stick formation.
4) BTC didn't make lower lows on the monthly TF and it is on
All these 3 points make on the VERY short term a valid long entry.
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Bearish biasis 🐻 :
1) This point is worth all the previous mentioned and those who will be cited next. This point is about interest rate and federal reserve decision ! If the outcome of their decision by rising more than investors expect will cause markets all around the world to crash (as if they already didn't😏). Actually, the reason of the begining of this crash is due to the first press declaration (see the full article here). On this Tuesday, the federal reserve has a meeting Tuesday 3rd may where they will decide how much they will increase. I expect the outcome will be more than investors preferences and this causes the markets to rally donward.
2) I thinks there isn't enough trading volume this may reflect the low interest of investors and these prices even though they're low and this will cause the prices to go down further !
3) Since the prices are lower than the 200 ema, it means that we're in a downtrend and basically we're in a bear market by definition. I will be looking for a trend continuation at the 15mn TF and profition from the pullbacks of this downtrend!
4) BTC below it's 50 EMA on the weekly !
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I hope you liked this Idea, if you want to show your appreciation for the efforts spent you can like this post !
At the end I wish you a profitable trading and Thank you !
To elaborate a trading strategy it requires multiple factors such as The macro-factors : Covid-19 pandemic (lockdowns), supply chain (high transportation prices causing inflation), Ukrain war (causing gas fees to increase) .
The market factors such as The price action on Time Frames, some indicators !
__________________________
Points toward the bullish biasis 🐂 :
BTCUSDT1)First of all we have btc at important on important trendline that only touched 2 times and kicked of an amazing rally ! and the only ones we have seen this year.
2) We have 2 bullish divergences on the rsi.
3) A bullish price action pattern is strong point for bulls such as double bottom, triple botom, inversed head and shoulder, losange, or any other trend reversel or bullish ones. espacially if it is associated with trend reversel candle stick formation.
4) BTC didn't make lower lows on the monthly TF and it is on
All these 3 points make on the VERY short term a valid long entry.
__________________________
Bearish biasis 🐻 :
1) This point is worth all the previous mentioned and those who will be cited next. This point is about interest rate and federal reserve decision ! If the outcome of their decision by rising more than investors expect will cause markets all around the world to crash (as if they already didn't😏). Actually, the reason of the begining of this crash is due to the first press declaration (see the full article here). On this Tuesday, the federal reserve has a meeting Tuesday 3rd may where they will decide how much they will increase. I expect the outcome will be more than investors preferences and this causes the markets to rally donward.
2) I thinks there isn't enough trading volume this may reflect the low interest of investors and these prices even though they're low and this will cause the prices to go down further !
3) Since the prices are lower than the 200 ema, it means that we're in a downtrend and basically we're in a bear market by definition. I will be looking for a trend continuation at the 15mn TF and profition from the pullbacks of this downtrend!
4) BTC below it's 50 EMA on the weekly !
____________________________
I hope you liked this Idea, if you want to show your appreciation for the efforts spent you can like this post !
At the end I wish you a profitable trading and Thank you !
Nota
The price action is very unclear ! A lot of volatility and making a trading decision is hard under these circumstances, As beginner, I'd rather stay out of it !Dagangan aktif
Long I got encouraged to enter long at 38,153$ with the kind of support that SPX has found on the 4126 level !
SL : 38078 ( very very tigh)
TP 1 : 38910
Leverage X10
Dagangan ditutup: sasaran tercapai
I took profit !Nota
Short entered at 38,989 $Closed it at 38,486 $ because it's always good to take profits and maybe a reversel is gonna happen !
Will enter again after 15 minutes from markets opening.
Dagangan aktif
Short again at 38,919 $SL : 392,17 $
Nota
So far so good !Nota
Hello everyone !Yesterday S&P 500 showed some support around the 4070 level. And as we know that BTC is currently being traded as a technology stock, where the correlation between the BTC & SPX is very important !
As expected, BTC showed resistance around th weekly resistance line (see chart) All the attempts to break it were unseccussful.
Also, unfortunately BTC showed some "bearish" divergence with the momentum of SPX (SPX prices going up, BTC prices going down) and therefore, I expect BTC today to continue it's bearish trend.
On lower Time frame, I saw btc making a huge symetrical triangle which could do a break a out with the start of the american trading session.
I kept my short position open waiting for more downward momentum as the chart describing.
To keep recieving updates activate the notification. Thank you.
Nota
I wanted to share this graph : BTC is loosing correlation the S&P500 !
Do you guys have a significance about this divergence meaning ?!
Dagangan ditutup: hentian tercapai
I got greedy and I didn't take profit so the price reversed when I was asleep and hit my SL which is my entry !Dagangan aktif
I forgot to update this idea ! I have shorted again at 39,742, targeting 38,886.Dagangan aktif
Today was a good day for scalping ! I re-entered at 38,400$ and still holding my position ! The trading strategy worked PERFECTLY and the accuracy was MIND BLOWING !!!!! I made a decent profit from it, and I hope you did too. Follow me if you want to know my next trading strategy.
Always pleased !
Nota
Hello traders ! I still see a 2% drop to the 35k level in btc, I'm still holding my position and observe what happens in that support line by going through different timeframes seeing some candle stick pattern, some price action pattern and decide then what to do !
Dagangan aktif
I moved my SL to 36,680$ and taking profit at the best price before the close of this trading session since week-end is coming and probably will enter to a range since institution dosen't trade at week-ends (additionnal trading fees without any considerable return) !Dagangan ditutup: sasaran tercapai
I took profit at 35k ! I'm waiting for a double bottom or some other bullish signs to long enter I believe at this psychological level we cann se a little reaction from the bulls.Dagangan aktif
LOOOONG : Market (34,950$) SL : 34,600$
Dagangan aktif
Advancing my SL to my entry ! I want to play it safe.Nota
2 scenarios : Either we're forming a reversel pattern (reversel Head & shoulders).
Or we're falling down in a stairs. for me this is a very very bad scenario, Falling down in a stairs form can be a stairs that take us to the 28k-26k territory !
Nota
Penafian
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