Bitcoin - New Swing Opportunity
Hello Guys and Community!
Check out my Swing analysis on Bitcoin.
In previous idea we had beautiful short (check in related ideas below) and now we are waiting for a new opportunity. And it comes! New short level you can see in the chart.
I am little bit bearish on bitcoin. I cannot see any bullish power. And if you have orderflow chart you see that BTC respect key short levels. Also when you scroll down you can see in the chart my long levels where I will be ready for trade. But its far to way now.
Descriptions of my levels and How I Trade it.
In the chart you can see Long / Short levels into which I enter directly through the limit and then I control them based on the volume . If the market does not respect the level and starts to form a volume in the negative zone, I try to end the position at the breakeven point or stoploss. I set the Profit Target according to RRR or according to key levels and S / R zones. These levels can also be traded from the other side, support becomes resistance and vice versa.
Key levels are usually traded by waiting for confirmation or some setup on a smaller TF. These are very strong levels at which turnovers often occur, so they consider them to be very successful and the advantage is that they are based on the Market Profile method, so they can trade in any market.
If you would like my free levels directly into your chart, write me message or comment, I will send you the indicator.
Share your ideas. analysis in comments!
Hope it helps, have a nice day!
Check out my Swing analysis on Bitcoin.
In previous idea we had beautiful short (check in related ideas below) and now we are waiting for a new opportunity. And it comes! New short level you can see in the chart.
I am little bit bearish on bitcoin. I cannot see any bullish power. And if you have orderflow chart you see that BTC respect key short levels. Also when you scroll down you can see in the chart my long levels where I will be ready for trade. But its far to way now.
Descriptions of my levels and How I Trade it.
In the chart you can see Long / Short levels into which I enter directly through the limit and then I control them based on the volume . If the market does not respect the level and starts to form a volume in the negative zone, I try to end the position at the breakeven point or stoploss. I set the Profit Target according to RRR or according to key levels and S / R zones. These levels can also be traded from the other side, support becomes resistance and vice versa.
Key levels are usually traded by waiting for confirmation or some setup on a smaller TF. These are very strong levels at which turnovers often occur, so they consider them to be very successful and the advantage is that they are based on the Market Profile method, so they can trade in any market.
If you would like my free levels directly into your chart, write me message or comment, I will send you the indicator.
Share your ideas. analysis in comments!
Hope it helps, have a nice day!
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