Bitcoin: Let the Uptrend Begin!

Jan 5, 2020

Xbt/Usd
Mid-Term - Downtrend Triangle Breakout

Here's maybe a little dose of hype for you guys!
(Pls let me know your predictions in the chat!)

So looking right now at both Xbt and Eth we can see Major Breakouts are starting to appear around the timeframe. :rocket:
(And Xrp looks ready too)

So what does it mean?

Well it means a couple of things:

1. A big Reversal in the trend is starting;
2. It means that the strong trend will be bullish;
3. Indicators will flip from Resistance too Support;
4. The bull season may be back on track.

How to trade on that?

- NEVER FOMO, it's not because we could be starting big upside moves that you need
to lose everything.
- Keep the same amount of Risk, never more than 5% is how i play it.
- You can switch a part of the portfolio from Usdt too Bitcoin (But even here wait for the
first big resistance to break, nothing stress here.
- Stick to our plan, even in a bull run there is retracement, Don't let your emotion
control you.

So now let's get in the analysis of Bitcoin.

* Broke a 3 months downtrend Friday;
* Reclaimed MA50;
* Rsi managed to breakout of the resistance;
* Macd is fully bullish and should continue is uptrend;

But nothing is win here:

* Ichimoku cloud is acting has a resistance at 7.5k;
* 7.8k is the short-term big resistance to break;

So what's the trade??

Here's my play:

Portfolio Risk: 5%, Leverage: 10x - 25x

Long: 7 380 (You can add an order at 7 220 in case of a wick)
Sl: 7 125
Tp1: 7 800 (Do not close more than 50% of your contracts)
Target 1: 8 585 (You can take full tp here and buy lower)
Target 2: 9 440 (You can take full tp here)

For Eth it's the same logic:

Portfolio Risk: 5%, Leverage: 10x - 25x

Long: 133 (Extra order at 131.4)
Sl: 130
Tp1: 155
Target 1: 182
Target 2: 271

Don't forget that this is a mid-term trade could take up too 6 months!

Thanks for reading this, if you want to discuss or fallow me feel free to click on the link below, you will be re-directed to my private group.