Bitcoin - How to Trade in The Perfect World!
When I started posting trading ideas and market overviews for crypto several years ago, members of TradingView wrote me in comments and private messages that "Crypto is so unique market, TA does not work here, you must feel crypto in order to understand where the market goes...". During these years I showed you different TA tools and trading ideas based on them.
Several days ago, when I posted the example of the manipulated movement from my point of view, in comments I saw hundreds of TA experts, gurus and kind guys. I'm so proud that I have the opportunity to share my thoughts and get critics from the experts of TA. I think we must say THANKS to all our crypto gurus, the legends, the kings, the masters who have been sharing their priceless knowledge and experience with us and make us better people. I'm sure now, we live in the perfect World!
Today, I want to write about Bitcoin using one of my trading strategies. The central element of this strategy is Ichimoku indicator. I hope you will correct me in comments if I make something wrong. I am open to any discussions! If I use this indicator in the wrong way, I must know it! I want to learn and become better as a trader. I want to grow my experience TO THE MOOOOOOON!!!
The price passed through the cloud and from this moment we have to consider the market as bullish. The market tried to break the resistance zone formed by 4000.00 and 4200.00 level, but this attempt was not successful. The price moved back to Kijun and found the support at this line. We can say that there is a new support zone below the current price which includes Kijun and Senkou A lines. This zone can be used as a starting point for a new attempt to reach 4000.00 level and move above it. If so, the reversal signal from the current levels can be used for opening buy positions for medium and long term trades. The alternative variant is to wait for a breakout above the local swing high and buy above the resistance zone.
As the crypto market is manipulated and we all know about it already, we must use stop orders in order to protect our capitals. If manipulators decide to push the price to the bottom, maybe it's not far from the zero level, we will have to exit from long positions below the uptrend line or 3000.00 key support.
As for profit targets, the breakout above the resistance zone will open the road to the next key resistance at 6000.00 level. Let's watch for the price action and follow the manipulators... oh sorry, I mean let's follow the market.
If you have any question or ideas about BTC, please share them in comments.
I will be grateful for your LIKEs! Only likes are my main motivation as a professional trader, the master of gurus and the legend of all masters!!!
Several days ago, when I posted the example of the manipulated movement from my point of view, in comments I saw hundreds of TA experts, gurus and kind guys. I'm so proud that I have the opportunity to share my thoughts and get critics from the experts of TA. I think we must say THANKS to all our crypto gurus, the legends, the kings, the masters who have been sharing their priceless knowledge and experience with us and make us better people. I'm sure now, we live in the perfect World!
Today, I want to write about Bitcoin using one of my trading strategies. The central element of this strategy is Ichimoku indicator. I hope you will correct me in comments if I make something wrong. I am open to any discussions! If I use this indicator in the wrong way, I must know it! I want to learn and become better as a trader. I want to grow my experience TO THE MOOOOOOON!!!
The price passed through the cloud and from this moment we have to consider the market as bullish. The market tried to break the resistance zone formed by 4000.00 and 4200.00 level, but this attempt was not successful. The price moved back to Kijun and found the support at this line. We can say that there is a new support zone below the current price which includes Kijun and Senkou A lines. This zone can be used as a starting point for a new attempt to reach 4000.00 level and move above it. If so, the reversal signal from the current levels can be used for opening buy positions for medium and long term trades. The alternative variant is to wait for a breakout above the local swing high and buy above the resistance zone.
As the crypto market is manipulated and we all know about it already, we must use stop orders in order to protect our capitals. If manipulators decide to push the price to the bottom, maybe it's not far from the zero level, we will have to exit from long positions below the uptrend line or 3000.00 key support.
As for profit targets, the breakout above the resistance zone will open the road to the next key resistance at 6000.00 level. Let's watch for the price action and follow the manipulators... oh sorry, I mean let's follow the market.
If you have any question or ideas about BTC, please share them in comments.
I will be grateful for your LIKEs! Only likes are my main motivation as a professional trader, the master of gurus and the legend of all masters!!!
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