BTC (Bitcoin) Up trend - 2.1.2025

2 days ago

Trading Scenario: Long (Buy)
Entry Point:
Zone: Near the Demand Zone between $94,500 and $95,000.
Confirmation: Wait for a bullish candlestick pattern (e.g., bullish engulfing, pin bar, or strong upward momentum) on the H1 timeframe to confirm a bounce from the Demand Zone.
Stop Loss (SL):
Set below the Demand Zone at $92,300 to avoid fake breakouts.
Take Profit (TP):
Target 1 (TP1): FVG H4 zone between $97,700 and $98,500 (partial profit).
Target 2 (TP2): Supply Zone between $99,500 and $100,400 (close the rest of the position).
Risk-Reward Ratio (R:R):
With an entry at $95,000, SL at $92,300, and TP1 at $98,000:
R:R = (98,000 - 95,000) / (95,000 - 92,300) ≈ 1.85.
With TP2 at $100,000:
R:R = (100,000 - 95,000) / (95,000 - 92,300) ≈ 2.84.
Trading Scenario: Short (Sell)
Entry Point:
Zone: Near the FVG H4 or Supply Zone between $98,500 and $100,000.
Confirmation: Wait for a bearish candlestick pattern (e.g., bearish engulfing, pin bar, or overbought signal on RSI).
Stop Loss (SL):
Set above the Supply Zone at $100,600.
Take Profit (TP):
Target 1 (TP1): Around $97,000 (mid-FVG H4).
Target 2 (TP2): Demand Zone at $95,000.
Risk-Reward Ratio (R:R):
With an entry at $99,000, SL at $100,600, and TP1 at $97,000:
R:R = (99,000 - 97,000) / (100,600 - 99,000) ≈ 1.25.
With TP2 at $95,000:
R:R = (99,000 - 95,000) / (100,600 - 99,000) ≈ 2.5.
Notes:
Monitor lower timeframes (M15 or M30) for precise entries.
Consider additional confirmation from indicators like RSI or MACD.
Manage risk carefully, limiting each trade to 1-2% of the account balance.