BTC : Riding Asia Open Volume to the Golden Zone Target

3 Nov

On the 8-hour chart, I’m targeting an entry to capture potential volume influx as the Asian markets open. I plan to take partial profits along the way, with a target to reach the $71,000 zone, which aligns with the golden Fibonacci retracement level.

Fundamental Context:
This setup is influenced by the buzz around the upcoming U.S. Presidential Election and speculation around Donald Trump’s potential reentry, possibly fueling a “buy the rumor, sell the news” effect. Given the high-impact events surrounding this period, I’m managing risk closely, aiming for strategic exits to maximize profitability within this volatile environment.

Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.

3 Nov

Dagangan aktif

Closed 80% of the position at 69,200 with stop loss moved to breakeven. The price may face resistance around this level and the 200 MA, which could bring some rejection or consolidation. If the price continues to move higher, I’ll trail my stop loss to lock in more profits. This is now a risk-free, quick trade. Congratulations to everyone who followed, and remember to Pay Yourself!

4 Nov

Nota

Since the last update, BTC has been ranging between the 200 MA and the 0.6 Fib retracement. On a smaller timeframe, a bullish structure has been forming over the past 9 hours. I’ve raised my stop loss slightly to secure more profits. If BTC breaks above 69,400, I’ll trail my stop loss further to capture potential continuation.

Let’s remember that BTC has stabilized here following an 8% drop, so the high timeframe (HTF) outlook shows a different perspective. This trade is purely based on capturing quick volume from Sunday a few hours before traditional markets open, aiming to capture the volume from the sessions as they begin. Pay yourself and stay sharp!

4 Nov

Dagangan ditutup: hentian tercapai

The trade hit its stop loss, and given the price action, this downside move was likely inevitable with large orders positioned down to the 64-63k range. For now, I’ll hold off on new BTC trades, letting it absorb the incoming orders over the next few days. Wishing everyone a productive trading week—remember, always Pay Yourself!