BTC/USD LONG
Updated
BTC/USD LONG
ENTRY: 34,089.5
STOP: 33,680.5
TP: ~35,500.0 (targeting the 0.5 - 0.618 retracement region before looking to short back down)
Here are my reasons for entering a long position on BTC/USD.
The confluences for my entry:
✓ Lower high confirmed with CT RSI (1HR)
✓ 55EMA held as support (1HR)
✓ Rising buy pressure on the RSI into the bullish control zone (RSI + Stochs)
✓ 4HR candle formations looking bullish
I entered a long position with a stop loss above the below swing low. Will move stop tighter and into profit as the trade makes lower highs.
** this is not financial advice **
ENTRY: 34,089.5
STOP: 33,680.5
TP: ~35,500.0 (targeting the 0.5 - 0.618 retracement region before looking to short back down)
Here are my reasons for entering a long position on BTC/USD.
The confluences for my entry:
✓ Lower high confirmed with CT RSI (1HR)
✓ 55EMA held as support (1HR)
✓ Rising buy pressure on the RSI into the bullish control zone (RSI + Stochs)
✓ 4HR candle formations looking bullish
I entered a long position with a stop loss above the below swing low. Will move stop tighter and into profit as the trade makes lower highs.
** this is not financial advice **
Trade closed: target reached
Manually closed my trade and secured profits.Price was ~$50 short of my take profit. I decided close enough was good enough and happily locked in around 15% (5x leverage).
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