DLavrov
Panjang

Bitcoin New Entry Level

POLONIEX:BTCUSDT   Bitcoin / Tether USD
The price bounces from 4000.00 support level . RSI confirms price reversal. MACD histogram supports upward movement. We have buy opportunity and we can continue build long positions. Buy above 4300.00 level with stop orders below 3950.00 level. Profit target should be near 4700.00 level. The rest part of long trades must be used for long term trading. Don't invest more than 5% from your deposit to this trade.
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" Stop orders below 3950.00 level. Profit target should be near 4700.00 level. Don't invest more than 5% from your deposit to this trade. "
I really appreciate that you give clear trading instructions. I had an argument 5 days ago with a trader with big rep and a lot of followers because he was saying that it was a low risk buying opportunity. No stop loss, no target, no %. Using every post to advertise his paid trading lessons.
Thank you.
Balas
@finja, Have you actually charted the success rate of Dlarovs trades though? I'd love to see his earnings if he made all these trades.
Balas
finja mrbrown66
@mrbrown66, No sir. I read TA on this site to get a feel of the the market and reevaluate the situation if i believe something else. I'm just happy to know that here people won't go broke in one trade, so i can still make money in this run.
Balas
finja finja
@finja, Sorry. Bad english. Won't go broke if that trade is not successful.
Balas
I suppose that another important resistance right now is 4500. If bitcoin breaks it the next one is 4700, but if not we have a high probability to go back down to 4300 and eventually 3900.
+1 Balas
I did a similar analysis but 2 days ago when the support was holding. Expect some consolidation but the 5000 target is on its way
Balas
agree
Balas
I think TA needs an update considering the latest news from WSJ and bloomberg with China's bitcoin ban
Balas
Bkay1896 me2go2
@me2go2, agree
Balas
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