Bitcoin / TetherUSShort
The price of Bitcoin is experiencing a steady decline - 30.12.24
Strategy 1: Bullish Trade (Long Position)
Condition: Wait for the price to react at the Demand Zone (90,362 - 92,000 USD) and show bullish reversal signals (e.g., pin bar, engulfing candle, or strong upward momentum on the H1 chart).
Entry Point:
Enter the trade when the price shows confirmation of a bounce between 90,500 - 91,000 USD.
Stop Loss (SL):
Place the stop loss below the Demand Zone at 89,800 USD (for safety).
Take Profit (TP):
TP1: Supply Zone (94,980 - 96,000 USD) (+4,000 USD potential profit).
TP2: FVG H4 (99,550 USD) if the price continues higher (+8,000 USD potential profit).
Risk-to-Reward Ratio (R:R):
Risk: ~1,500 USD (SL at 89,800).
Reward:
TP1: +4,000 USD (R:R ≈ 1:2.7).
TP2: +8,000 USD (R:R ≈ 1:5.3).
Strategy 2: Bearish Trade (Short Position)
Condition: Wait for the price to rise into the Supply Zone (94,980 - 96,000 USD) and show bearish reversal signals (e.g., bearish engulfing, pin bar, or structure break on the H1 chart).
Entry Point:
Enter the trade when the price enters the Supply Zone (95,000 - 96,000 USD) and confirms a reversal.
Stop Loss (SL):
Place the stop loss above the Supply Zone at 96,500 USD.
Take Profit (TP):
TP1: Demand Zone (90,362 - 92,000 USD) (+4,000 USD potential profit).
TP2: Larger Demand Zone at 86,000 USD if the price continues downward (+9,000 USD potential profit).
Risk-to-Reward Ratio (R:R):
Risk: ~1,500 USD (SL at 96,500).
Reward:
TP1: +4,000 USD (R:R ≈ 1:2.7).
TP2: +9,000 USD (R:R ≈ 1:6).
Trading Notes:
Confirm the Signal: Avoid entering trades without strong confirmation signals (e.g., reversal candles or high volume).
Risk Management: Limit risk per trade to 1-2% of your account balance.
Monitor Price Action: If the price breaks through the Supply Zone aggressively, cancel the bearish strategy.
Follow Me. Good luck!
Condition: Wait for the price to react at the Demand Zone (90,362 - 92,000 USD) and show bullish reversal signals (e.g., pin bar, engulfing candle, or strong upward momentum on the H1 chart).
Entry Point:
Enter the trade when the price shows confirmation of a bounce between 90,500 - 91,000 USD.
Stop Loss (SL):
Place the stop loss below the Demand Zone at 89,800 USD (for safety).
Take Profit (TP):
TP1: Supply Zone (94,980 - 96,000 USD) (+4,000 USD potential profit).
TP2: FVG H4 (99,550 USD) if the price continues higher (+8,000 USD potential profit).
Risk-to-Reward Ratio (R:R):
Risk: ~1,500 USD (SL at 89,800).
Reward:
TP1: +4,000 USD (R:R ≈ 1:2.7).
TP2: +8,000 USD (R:R ≈ 1:5.3).
Strategy 2: Bearish Trade (Short Position)
Condition: Wait for the price to rise into the Supply Zone (94,980 - 96,000 USD) and show bearish reversal signals (e.g., bearish engulfing, pin bar, or structure break on the H1 chart).
Entry Point:
Enter the trade when the price enters the Supply Zone (95,000 - 96,000 USD) and confirms a reversal.
Stop Loss (SL):
Place the stop loss above the Supply Zone at 96,500 USD.
Take Profit (TP):
TP1: Demand Zone (90,362 - 92,000 USD) (+4,000 USD potential profit).
TP2: Larger Demand Zone at 86,000 USD if the price continues downward (+9,000 USD potential profit).
Risk-to-Reward Ratio (R:R):
Risk: ~1,500 USD (SL at 96,500).
Reward:
TP1: +4,000 USD (R:R ≈ 1:2.7).
TP2: +9,000 USD (R:R ≈ 1:6).
Trading Notes:
Confirm the Signal: Avoid entering trades without strong confirmation signals (e.g., reversal candles or high volume).
Risk Management: Limit risk per trade to 1-2% of your account balance.
Monitor Price Action: If the price breaks through the Supply Zone aggressively, cancel the bearish strategy.
Follow Me. Good luck!
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.