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Btclong

BTC/USDT hidden divergence...HELLO TRADERS, See the bitcoin in 1 hour time frame. And it making barish flag pattern after BREAKOUT of long down trend. It's a good sign. But coming to RSI we can see clearly hidden divergence. If it's breakout it's ok but if it's continue we can see the bitcoin again at below it's down Trend line.. Dont invest now wait for BREAKOUT of both barish flag pattern and hidden divergence.. and check out the previous idea I have Posted pinned below.. THANKU AND FOLLOW FOR MORE..
Long
by Sriramrdy
1
Bitcoin Trading Plan for 6-7 FebMy view on Bitcoin today is extremely bullish however I am prepared for an extremely good move on either side - which I am confident will be caught by my system. 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.
BLong
by abhineetramjiwal
Bitcoin DipBitcoin got a dump pump 'n dump today. I believe it's due to macro economic factors. Nevertheless as I posted on Twitter already, dips like this can happen. A dip of 10% is nothing compared to the dips that occured in the last bull cycle. We've seen a lot of greed in the market and it's something to really take care off. I'll remain bullish in the short term if we can stay above 4H EMA's (where the green line has been drawn). Keep in mind the EMA's (of course do move) if we get a candle close beneath the ribbons I'll become bearish in the short term And since it's dipping it may be nice to buy some additional crypto :)
FTX:BTCPERP
by NotAChartist
2