BTC 2 strategies: Huge bullish trap?!
Diupdate
Risk: Medium
Please be advised that this is only an idea, so you are responsible for any losses yourself. Never put more than 2-4% of your account in one trade.
************** This is only an update of my previous BTC 0.65% ideas, please find the original ideas related *******************
Give this idea a like to see more strategies like this on Tradingview, I'll give small updates only on Twitter.
Updated targets are marked with a (!).
We ruined the BTC 0.65% party many times since the 20.000 top. You'll find the ideas related. Well, let's do it again ;). I know a lot of people won't agree with this idea, because BTC 0.65% is so bullish now. No problem, but I've seen recoverys like this before. It's normal in a downtrend.
Update:
Great recovery of BTC and what a speed! But we are trading towards our final resistance zone now. This might be a huge bullish trap and if so, a lot of people who just bought in, without a stop loss will lose a lot of money again. Yup... again. Why? They are unteachable and they are probably gambling. Did I have some worries because I'm short? No, I'm didn't. Why? I've just added my final short positions as planned 8 days ago in my original idea. My risk was calculated before and I took this scenario into account. Now, It gives me the chance to short it from the highest average as planned and with the highest profit possibilities. What I see now is a huge risk/reward ratio, and we might see a correction and a continuation of the long-term downtrend from here again. Be advised that this is the strongest resistance zone since the 6400 bottom. Because we recovered so fast, I also expect a quick sell-off towards our first targets. If you wonder why I'm so convinced of this short idea, please find out in my related ideas. I've some lack of time last weeks, but feel free to ask me questions if you can't find it there. It might be possible that I'll answer it a little later.
Original idea:
We shorted BTC 0.65% since $11300,- and we have reached our first three targets. Please, find the ideas in the related ideas or on my channel. Personally I'm short in steps since around $15.000,-. (Red dotted line) This was a level were a lot of people were making analyses with price targets of $100.000,-, totaly insane in my opinion. If you are short since the original idea, congrats with your profits!
Strategy 1:
I've added a new short setup here. Find more info how to trade in my previous ideas.
Sell:
Short 1: Now
Profit targets:
Target 1: 20ma daily (!)
Target 2: 50 ma weekly (!)
Target 3: 6800
Target 4: 6200
Target 5: 4600
After this, I made a great profit with this strategy and I can start with strategy 2.
Strategy 2:
I expect a (mid-long term) trend reversal in this zone. So I'll start to buy Bitcoin 0.65% 2.10% -6.19% here again. The support zone has a range of 3990-4600. So I'll set orders at various levels.
Buy levels:
Buy 1: $4600,- (25%)
Buy 2: $4400,- (25%)
Buy 3: $4200,- (25%)
Buy 4: $4000,- (25%)
If we reach all our buy targets, we are in this trade for an average of $4300,- (Buy 1;2;3,4/Total buy levels). If we don't reach all our buy levels, we are in this trade with a lower amount, but we bought at the bottom or near to the bottom!
Profit targets:
TP 1: $6952 (partial)
TP 2: $7867 (partial)
TP 3: $8782 (final)
Take partial profit at each target. I expect a continuation of the downtrend after reaching target 3. So, this will open short chances again. I'll provide you with a new chart if this scenario happens.
Stop loss:
If we close with a candle on the daily chart below the reversal zone ($3990), sell all your positions immediately and take your loss. The reversal has failed and we go further with strategy 3.
I used to many caracters so there is no room for strategy 3 here. ;)
*If this scenario happens, I'll update this idea with extra profit targets between the short level and the final target.
Please, follow and like
Please be advised that this is only an idea, so you are responsible for any losses yourself. Never put more than 2-4% of your account in one trade.
************** This is only an update of my previous BTC 0.65% ideas, please find the original ideas related *******************
Give this idea a like to see more strategies like this on Tradingview, I'll give small updates only on Twitter.
Updated targets are marked with a (!).
We ruined the BTC 0.65% party many times since the 20.000 top. You'll find the ideas related. Well, let's do it again ;). I know a lot of people won't agree with this idea, because BTC 0.65% is so bullish now. No problem, but I've seen recoverys like this before. It's normal in a downtrend.
Update:
Great recovery of BTC and what a speed! But we are trading towards our final resistance zone now. This might be a huge bullish trap and if so, a lot of people who just bought in, without a stop loss will lose a lot of money again. Yup... again. Why? They are unteachable and they are probably gambling. Did I have some worries because I'm short? No, I'm didn't. Why? I've just added my final short positions as planned 8 days ago in my original idea. My risk was calculated before and I took this scenario into account. Now, It gives me the chance to short it from the highest average as planned and with the highest profit possibilities. What I see now is a huge risk/reward ratio, and we might see a correction and a continuation of the long-term downtrend from here again. Be advised that this is the strongest resistance zone since the 6400 bottom. Because we recovered so fast, I also expect a quick sell-off towards our first targets. If you wonder why I'm so convinced of this short idea, please find out in my related ideas. I've some lack of time last weeks, but feel free to ask me questions if you can't find it there. It might be possible that I'll answer it a little later.
Original idea:
We shorted BTC 0.65% since $11300,- and we have reached our first three targets. Please, find the ideas in the related ideas or on my channel. Personally I'm short in steps since around $15.000,-. (Red dotted line) This was a level were a lot of people were making analyses with price targets of $100.000,-, totaly insane in my opinion. If you are short since the original idea, congrats with your profits!
Strategy 1:
I've added a new short setup here. Find more info how to trade in my previous ideas.
Sell:
Short 1: Now
Profit targets:
Target 1: 20ma daily (!)
Target 2: 50 ma weekly (!)
Target 3: 6800
Target 4: 6200
Target 5: 4600
After this, I made a great profit with this strategy and I can start with strategy 2.
Strategy 2:
I expect a (mid-long term) trend reversal in this zone. So I'll start to buy Bitcoin 0.65% 2.10% -6.19% here again. The support zone has a range of 3990-4600. So I'll set orders at various levels.
Buy levels:
Buy 1: $4600,- (25%)
Buy 2: $4400,- (25%)
Buy 3: $4200,- (25%)
Buy 4: $4000,- (25%)
If we reach all our buy targets, we are in this trade for an average of $4300,- (Buy 1;2;3,4/Total buy levels). If we don't reach all our buy levels, we are in this trade with a lower amount, but we bought at the bottom or near to the bottom!
Profit targets:
TP 1: $6952 (partial)
TP 2: $7867 (partial)
TP 3: $8782 (final)
Take partial profit at each target. I expect a continuation of the downtrend after reaching target 3. So, this will open short chances again. I'll provide you with a new chart if this scenario happens.
Stop loss:
If we close with a candle on the daily chart below the reversal zone ($3990), sell all your positions immediately and take your loss. The reversal has failed and we go further with strategy 3.
I used to many caracters so there is no room for strategy 3 here. ;)
*If this scenario happens, I'll update this idea with extra profit targets between the short level and the final target.
Please, follow and like
Catatan
I forgot to add an additional target:Target 1: 50ma daily (yellow line)
Trade aktif
[img]The chart above says all. BTC is in a day fight with its heavy resistance. We have to wait what BTC is going to do. Meanwhile, as long as BTC doesn't drop. Other coins can recover more.
Trading ditutup secara manual
I closed my short positions with great profits since my original idea. BTC broke resistance today. It might form a higer top today. That will automatically mean that I'm bullish on the crypto market for the mid-long term again for the first time since january. I revise my idea, and I'm long again on BTC. I already had my shopping list ready, so I added more crypto's to my portfolio. You can find it on my Twitter page.
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