BTC buy dips TP 70 000 USD Octoberfest
🔸Hello traders, today let's review 3 hour price chart for BTCUSD . Bitcoin trading sideways over last 7 months with extremely low volatility. Having said that, low vol always precedes high vol periods, therefore it makes sense to prepare for the new BTC move in advance.
🔸BTC stop loss clusters located at 71 000 usd / 73 000 usd / 76 000 usd.
Expecting bulls to trigger stop sweeps near overhead SL clusters.
Therefore expecting more gains in this market in October.
October is also a decent months for BTC bulls based on recent data.
🔸Recommended strategy bulls: wait for pullback to complete near 59 000 / 60 000 usd and confirm reversal signal with RSI/price div on 3 hour chart and/or use any other systems/indicators to confirm reversal. BUY low close to 60 000 usd, stops fixed at 57 500 USD, TP1 bulls is 65 000 USD TP2 bulls is 70 000 USD, 15% upside in this trade setup without leverage. break below 57 500 usd invalidates bullish outlook. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
🔸BTC stop loss clusters located at 71 000 usd / 73 000 usd / 76 000 usd.
Expecting bulls to trigger stop sweeps near overhead SL clusters.
Therefore expecting more gains in this market in October.
October is also a decent months for BTC bulls based on recent data.
🔸Recommended strategy bulls: wait for pullback to complete near 59 000 / 60 000 usd and confirm reversal signal with RSI/price div on 3 hour chart and/or use any other systems/indicators to confirm reversal. BUY low close to 60 000 usd, stops fixed at 57 500 USD, TP1 bulls is 65 000 USD TP2 bulls is 70 000 USD, 15% upside in this trade setup without leverage. break below 57 500 usd invalidates bullish outlook. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Komentar
revising reload BULLS zone a bit lower
57 000 - 58 000 TP is the same 70 000 / 72 000
Komentar
+ 8000 USD running PNL unlevereged.
the entry was spot on. 🔥🏧
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