BitcoinLong
Bitcoin Holding SUPPORT
Bitcoin looks strong. Holding that downtrend line support from August 17th highs
This only adds to my Bullish thesis from my previous post regarding the daily chart
Entry: 4330, present price, above downtrend line
Target: 5000, round number, and 161.8 Fib retracement from August Highs to August Lows
Stop: Below downtrend line and into Ichimoku Cloud at 4150
Great Reward to Risk: more than 3:1
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!! PM me with any questions about my analysis !!
<b>MY TRADING METHOD:</b>
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections + measured moves
Successful trading means proper risk sizing and trading small so you can stay in the game.
This only adds to my Bullish thesis from my previous post regarding the daily chart
Entry: 4330, present price, above downtrend line
Target: 5000, round number, and 161.8 Fib retracement from August Highs to August Lows
Stop: Below downtrend line and into Ichimoku Cloud at 4150
Great Reward to Risk: more than 3:1
----------
!! PM me with any questions about my analysis !!
<b>MY TRADING METHOD:</b>
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections + measured moves
Successful trading means proper risk sizing and trading small so you can stay in the game.
Support me with these referral links:
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Support me with these referral links:
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.