btcusd 8h bullish 3drives buy/hold 25% gains
Diupdate
🔸Hello traders, today let's review 8 hour price chart for BTCUSD . Bitcoin trading
sideways over last 8 weeks 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.
🔸The speculative bullish structure on 8 hour chart is bullish 3 drives pattern.
Defined by 1st drive at 25 655 usd, 2nd drive at 25 000 usd and finally 3rd drive
expected to complete near 24 000 / 24 100 usd with potential overshoot below
24K before reversal. I'd also look for price/RSI divergence to confirm reversal
entry setup.
🔸Recommended strategy bulls: wait for pullback to complete near 24 000 usd
and confirm reversal signal with RSI/price div on 8 hour chart and/or use any other
systems/indicators to confirm reversal. BUY low close to 24 000 usd, stops fixed at
23 000 USD, TP1 bulls is 28 000 USD TP2 bulls is 30 000 USD, 25% upside in this trade
setup without leverage. break below 23 000 usd invalidated 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.
sideways over last 8 weeks 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.
🔸The speculative bullish structure on 8 hour chart is bullish 3 drives pattern.
Defined by 1st drive at 25 655 usd, 2nd drive at 25 000 usd and finally 3rd drive
expected to complete near 24 000 / 24 100 usd with potential overshoot below
24K before reversal. I'd also look for price/RSI divergence to confirm reversal
entry setup.
🔸Recommended strategy bulls: wait for pullback to complete near 24 000 usd
and confirm reversal signal with RSI/price div on 8 hour chart and/or use any other
systems/indicators to confirm reversal. BUY low close to 24 000 usd, stops fixed at
23 000 USD, TP1 bulls is 28 000 USD TP2 bulls is 30 000 USD, 25% upside in this trade
setup without leverage. break below 23 000 usd invalidated 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.
Catatan
low vol conditions recently
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