!! BTC Strategy 29th September !!
BTC Strategy
As announced in the State of Mind, Bitcoin shows signs of reversal in 1h horizon and technical stuation is positive over a 30 min horizon with a MACD that crossed upward, a CCI above the -100 level and a WaveTrends bullish.
BTC is currently testing its resistance at $6550, if it breaks, the strategy is to buy as close as possible to this level in order to target the $6650. Wait for confirmation of a candle 15 min fenced above this level. If this candle is too large, the strategy will be invalidated.
If the Bitcoin fails to break its resistance, a short position can then be initiated to aim for a return on the $6460.
Summary of the strategy
Purchase: As close as possible to the $6550
Target: $6625
Stop: $6510
Leverage: 10X
Short: Under $6650, with a sales signal in 10 min horizon
Target: $6465
Stop: $6590
Leverage: 10X
As announced in the State of Mind, Bitcoin shows signs of reversal in 1h horizon and technical stuation is positive over a 30 min horizon with a MACD that crossed upward, a CCI above the -100 level and a WaveTrends bullish.
BTC is currently testing its resistance at $6550, if it breaks, the strategy is to buy as close as possible to this level in order to target the $6650. Wait for confirmation of a candle 15 min fenced above this level. If this candle is too large, the strategy will be invalidated.
If the Bitcoin fails to break its resistance, a short position can then be initiated to aim for a return on the $6460.
Summary of the strategy
Purchase: As close as possible to the $6550
Target: $6625
Stop: $6510
Leverage: 10X
Short: Under $6650, with a sales signal in 10 min horizon
Target: $6465
Stop: $6590
Leverage: 10X
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.
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.