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#Bitcoin Trading Plan 27-28 Jan 2022Given yesterday's wild moves especially post the Fed's hawkish announcement I hold a neutral stance today as it remains to be seen which way the market wishes to lean towards; although to be fair, the signs do look bearish. But anyway we have a system and we trade that. Here's what it looks like: In this chart of Bitcoin I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and bottom-most price levels is a strict "No Trade Zone". If Bitcoin's price crosses the top-most price level, we will be looking for long opportunities and if Bitcoin's price crosses the bottom-most price level, we will be looking for short opportunities. Entry criteria: Bullish case: Enter as soon as a 5-minute candle CLOSES above the top-most price level. Bearish case: Enter as soon as a 5-minute candle CLOSES below the bottom-most price level. Stop Loss criteria: Risk: 2% of capital of per trade. Bullish case: Just below the second price level from the top. Bearish case: Just above the second price level from the bottom. Take profit criteria: I personally follow a system wherein I do nothing until 1:1 RR is achieved. But post 1:1 RR is achieved, I adjust stop loss to cost. I then exit 1/3rd of entered quantity based on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . I exit 1/3rd of entered quantity at fixed take-profit level of 1:3 RR. And I exit the final 1/3rd of entered quantity based on a system of setting stop losses that are dynamically adjusted to the nearest retracement after a Day High Breakout (in bullish case) or Day Low Breakout (in bearish case). I have also experimented with systems wherein you can set take-profit at a fixed level of 1:3 RR or alternatively after 1:1 is achieved book full quantity vased on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . Both of these alternative systems have also been profitable. Please note the given zones are valid only until the end of the day. Any open positions must be closed by 05:25 AM IST which is around when the day is about to end in the cryptocurrency markets. The mentioned zones will become irrelevant post that. Also please note: according to the rules of my system, I don't take more than 3 trades per day on any asset.
B
by abhineetramjiwal
Swing trade anlysis Bitcoin BOTH Long/Short position BINANCE:BTCUSDT swing trade analysis for both short and long position NEUTRAL ZONE 30000 - 35000 works as a neutral zone LONG POSITION If it daily candles closing above 37500 sustain here you can go for long target but make sure the volume of that candle breaks the MA line in volume SHORT POSITION 30000 works as huge support once If it breaks it will make sure it will reach 28000 easily And everything mentioned in the chart This analysis includes and gives respect to 1 Fibonacci retracement 2 Support & resistance 3 volumne NOTE CHECK THE ANALYSIS IN 1DAY TIME FRAME I MADE IT IN WEEKLY DUE TO SPACE PROBLEM COMMENT YOUR THOUGHT ON THIS IDEA PARDON ME IF I MADE ANY MISTAKE ITS MY FIRST IDEA IN TRADING VIEW
by trialman678
#Bitcoin Trading Plan 23-23 Jan 2022In this chart of Bitcoin I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and bottom-most price levels is a strict "No Trade Zone". If Bitcoin's price crosses the top-most price level, we will be looking for long opportunities and if Bitcoin's price crosses the bottom-most price level, we will be looking for short opportunities. Entry criteria: Bullish case: Enter as soon as a 5-minute candle CLOSES above the top-most price level. Bearish case: Enter as soon as a 5-minute candle CLOSES below the bottom-most price level. Stop Loss criteria: Risk: 2% of capital of per trade. Bullish case: Just below the second price level from the top. Bearish case: Just above the second price level from the bottom. Take profit criteria: I personally follow a system wherein I do nothing until 1:1 RR is achieved. But post 1:1 RR is achieved, I adjust stop loss to cost. I then exit 1/3rd of entered quantity based on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . I exit 1/3rd of entered quantity at fixed take-profit level of 1:3 RR. And I exit the final 1/3rd of entered quantity based on a system of setting stop losses that are dynamically adjusted to the nearest retracement after a Day High Breakout (in bullish case) or Day Low Breakout (in bearish case). I have also experimented with systems wherein you can set take-profit at a fixed level of 1:3 RR or alternatively after 1:1 is achieved book full quantity vased on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . Both of these alternative systems have also been profitable. Please note the given zones are valid only until the end of the day. Any open positions must be closed by 05:25 AM IST which is around when the day is about to end in the cryptocurrency markets. The mentioned zones will become irrelevant post that. Also please note: according to the rules of my system, I don't take more than 3 trades per day on any asset.
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by abhineetramjiwal
2
Bitcoin Positional Long LevelsBITSTAMP:BTCUSD 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns . 📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). 📌 As One can see, This Pattern has Been Made on weekly Time Frame, that's why stop loss quite big as per this pattern and time frame. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis. (PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame) PRZ 1 :- 35736.45 PRZ 2 :- 33812.28 SL :- 28600 (Closing Basis) Note:- As Per this harmonic pattern , stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Even ask doubts in comments, below. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
BITSTAMP:BTCUSDLong
by linesandlevels
SHORT BTC/USDTBINANCE:BTCUSDT SHORT BTC Short/Sell BTC CMP :48832 Target :39515 Stop Loss :53237 Signal: Negative Sentiment: Negative Crossover: Negative Timeframe: 5-7 days Probability: Medium Note: Some sideways movement expected before the fall. ABOUT MYSELF: I am a certified blockchain developer (PG Master's) from a top Canadian University. I have a bachelors in computer science (B.Tech) from a A grade university in India. I have developed a AI powered code that provides signals for capital markets. Accuracy till date: 72% DISCLAIMER: This is not an investment advice. Just for discussion/paper trading purposes. Need any specific coin? DM me on Tradingview.
Short
by sandhikar.saurabh
BTC - A Case of Two Falling WedgesTwo falling wedge breakouts observed on the Bitcoin chart. The first one showing a strong and healthy breakout (with an above than average volume). The latest falling wedge breakout has been a disappointment so far. Volumes have been below average and the price seems to be struggling. A break below the critical support level marked by the yellow line could be catastrophic. Given the macroeconomic environment with FED talking about speeding up the Tapering schedule and a possibility of a rate hike if inflation continues to grow strong, being cautious in this market is best way forward. Don't get caught up in the 'Bitcoin is an Inflation Hedge' narrative. Bitcoin is a 'Risk On' asset :)
by pranjalchaubey
Bitcoin shows bearish sign on RSI.#-The Analysis is based on personal Knowledge of technical analysis , Please Do Not Take It as a Financial Advice, And Always Do Your Own Research. ## Technical analysis: . BTCUSDT was Moving in a Triangular channel then IT had a breakout. . After Breakout It started Following parallel Channel. . The price is now Below 50 EMA and 20 EMA.( BEARISH SIGN ) #Three Important KEY level Which May require A retesting. KEY LEVEL 1:- Around $64000. ( Previous ATH ) KEY LEVEL 2:- Around $61500. ( DUE Retesting OF Triangular pattern after breakout) ) KEY LEVEL 3:- Around $60000. ( Lower Edge Of the parallel Channel ) Support Around $58500 Is very Strong. #Bearish Sign. .THE RSI made a Lower high and at the same time price movement made a higher high, This kind of divergence is a BEARISH SIGN. . Also Its Price is below 20&50 EMA which is also a BEARISH SIGN. I f You Loved This Analysis ❤️ Hit the LIKE button Drop some feedback below in the comment ! Trade well. ❤️
by PriyanshuKatta