BTC BREAKDOWN - DAILY CHART ANALYSIS
Hey Traders!
Today i want to show you my BTC Chart Analysis on the daily timeframe.
What happened?
- Bitcoin did break down of the big bear flag and dumped 15% since then and now reached the strong $30000 - $28500 support range.
What do i do now?
- I bought into spot again today with 15% of the margin i want to invest and looking to DCA more into the market if we break down this level.
What happens next?
- If we not hold the $30000 - $28500 range and break down again i will target $24500 - $22000 which i believe will be the really bottom of the current bearmarket. There i will buy a lot and open some long trades aswell.
Trading Ideas
- I will long $30000 - $28500 with dca and a 20x Leverage ( I not recommend using 20x! High risk )
I think that range is a nice entry for a long with a good risk management. Im using 20x because im an experienced Trader but i would only recommend going with 2x-5x here if you want to play it safe.
I hope you guys like my idea :) I would love to see some feedback!
Today i want to show you my BTC Chart Analysis on the daily timeframe.
What happened?
- Bitcoin did break down of the big bear flag and dumped 15% since then and now reached the strong $30000 - $28500 support range.
What do i do now?
- I bought into spot again today with 15% of the margin i want to invest and looking to DCA more into the market if we break down this level.
What happens next?
- If we not hold the $30000 - $28500 range and break down again i will target $24500 - $22000 which i believe will be the really bottom of the current bearmarket. There i will buy a lot and open some long trades aswell.
Trading Ideas
- I will long $30000 - $28500 with dca and a 20x Leverage ( I not recommend using 20x! High risk )
I think that range is a nice entry for a long with a good risk management. Im using 20x because im an experienced Trader but i would only recommend going with 2x-5x here if you want to play it safe.
I hope you guys like my idea :) I would love to see some feedback!
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.