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BTCUSD Perpetual Contract forum

yesterday

Trade Setup & Result 💹"

Setup Analysis:

The trade was based on a bullish breakout following a strong structure shift (Change of Character - CHoCH).
Key Levels Identified:
Entry: $98,537.03
Stop Loss (SL): Below recent support at $98,418.90.
Take Profit (TP): $98,724.32.

Execution & Result:

The price hit the target, yielding a profit of $187.29 on a 1.00 lot size.
Risk/Reward ratio: 1.86, adhering to disciplined trade management.

📊 Key Takeaway:

Identifying CHoCH and BOS (Break of Structure) levels provided clear trade opportunities.
Discipline and proper risk management were crucial for executing this trade successfully.

2 days ago

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4 days ago

Every trader experiences losses; it’s a natural aspect of the market. Instead of dwelling on them, channel your energy into refining your strategy. Use your losses to build resilience and enhance your decision-making skills.

BTCUSD Trade Idea

Buy Setup:

Entry: 92,257
Stop Loss: 91,957 (-300 points)
Take Profit 1: 92,757 (+500 points)
Take Profit 2: 93,257 (+1000 points)

Risk: Reward = 1:1.67, 1:3.33

Reason for Entry:

Price at key Fibonacci support level
Strong historical support zone
Positive momentum structure
Clear invalidation level for stop loss
Multiple resistance levels align with take profit targets

Note: This is a technical analysis-based trade setup. Always manage your risk and position size according to your trading plan.

Trade management is crucial:

Monitor price action at take profit levels
Trail stops once first target is reached
Exit if market structure changes
Consider partial profit booking at TP1

Remember: No trade setup guarantees success. Always use proper risk management.

4 days ago

🏆BTCUSD 20Nov24 Daily Analysis based on Main Key Levels

Daily Current Market Price (DCMP): 92,609

🔶Key Resistance Levels:

102,013
96,806
93,710
93,590
94,608
96,061

🔶Key Support Levels:

92,257
90,804
89,906
88,453
83,176
79,960
74,753

🔶Swing Levels:

Swing High: 93,547
Swing Low: 66,778

Trade Recommendations:

🔶Sell Trade:

Entry: 93,590
Stop Loss: 94,090 (+500 points)
Take Profit 1: 92,590 (-1000 points)
Take Profit 2: 91,590 (-2000 points)

Risk: Reward = 1:2, 1:4

🔶Buy Trade:

Entry: 88,383
Stop Loss: 87,883 (-500 points)
Take Profit 1: 89,383 (+1000 points)
Take Profit 2: 90,383 (+2000 points)

Risk: Reward = 1:2, 1:4

Market Summary:

Current price at 92,609 shows consolidation
Strong resistance cluster around 93,590-94,608
Multiple support levels near 90,804-92,257
Price trading within established swing range (93,547-66,778)

Both trade setups offer favorable risk-reward ratios with clear stop loss levels

5 days ago

🏆In trading, every loss brings an opportunity to reflect and improve. Use this time to reassess your strategy and mindset. Remember, the best traders are those who learn to navigate losses with grace and determination.

🔶BTCUSD 19Nov24 Daily Analysis based on Main Key Levels

🔶Daily Current Market Price (DCMP): 91,747

Swing High: 93,547
Swing Low: 66,778

🔶Support Levels:

88,383
83,176
79,960
74,753
89,389
88,455
86,941

🔶Resistance Levels:

93,590
96,806
102,013
94,864
93,351
92,416

Key Level: 88,383-90,903

Trade Recommendations:

🔶Swing Buy Trade:

Entry: 88,383
Stop Loss: 83,176
Take Profit 1: 93,590
Take Profit 2: 96,806

🔶Swing Sell Trade:

Entry: 93,590
Stop Loss: 96,806
Take Profit 1: 88,383
Take Profit 2: 83,176

Analysis Summary:
Current price (91,747) is positioned between key levels 93,590 and 88,383, showing a strong momentum. The recent swing high at 93,547 and swing low at 66,778 demonstrate a significant upward trend, with current price action maintaining strength near the upper range of recent price action.

6 days ago

BTCUSD 18Nov24 Daily Analysis based on Pivots Method

Daily Current Market Price (DCMP): 92,127

Weekly Pivots:

Resistance Levels:

R3: 102,013
R2: 96,806
R1: 93,590
PP: 88,383

Support Levels:

S1: 83,176
S2: 79,960
S3: 74,753

Daily Pivots:

Resistance Levels:

R3: 95,362
R2: 93,339
R1: 92,089
PP: 90,065

Support Levels:

S1: 88,042
S2: 86,792
S3: 84,769

Trade Suggestions (Based on Weekly Pivots):

Swing Buy Trade:

Entry: 88,383 (Weekly PP)
Stop Loss: 83,176 (Weekly S1)
Take Profit 1: 93,590 (Weekly R1)
Take Profit 2: 96,806 (Weekly R2)

Swing Sell Trade:

Entry: 93,590 (Weekly R1)
Stop Loss: 96,806 (Weekly R2)
Take Profit 1: 88,383 (Weekly PP)
Take Profit 2: 83,176 (Weekly S1)

Analysis Summary:

Swing High: 93,547
Swing Low: 66,778

Weekly pivot points showing clear structure
Trade suggestions strictly follow weekly pivot levels
Risk management aligned with pivot structure

Nov 16

💠In trading, every loss brings an opportunity to reflect and improve. Use this time to reassess your strategy and mindset. Remember, the best traders are those who learn to navigate losses with grace and determination.

🔷Analyzing Gold With Fibonacci Tools For Swing Trading

Market Summary
Daily Current Market Price (DCMP): 91,685
Swing High: 93,547
Swing Low: 66,778

Market Position: Trading above Weekly Pivot (73,548)
Key Technical Levels
Weekly Pivots (Major Levels)
R3: 84,083
R2: 80,059
R1: 77,572
Pivot: 73,548
S1: 69,523
S2: 67,037
S3: 63,012

Daily Pivots
R3: 93,906
R2: 92,056
R1: 90,912
Pivot: 89,062
S1: 87,211
S2: 86,068
S3: 84,217

Swing Trade Setups
Buy Setup (Based on Daily Pivot)
Entry: 89,062 (Daily Pivot)

Stop Loss: 87,211 (Daily S1)
Take Profit 1: 90,912 (Daily R1)
Take Profit 2: 92,056 (Daily R2)

Reason: Strong support at Daily Pivot with clear resistance targets

Sell Setup (Based on Daily R2)
Entry: 92,056 (Daily R2)
Stop Loss: 93,906 (Daily R3)
Take Profit 1: 90,912 (Daily R1)
Take Profit 2: 89,062 (Daily Pivot)

Reason: Strong resistance at Daily R2 with confluence of technical levels
Critical Price Zones

Support Zones
89,062 - 89,100 (Daily Pivot)
87,211 - 87,250 (Daily S1)
86,068 - 86,100 (Daily S2)

Resistance Zones
92,056 - 92,100 (Daily R2)
93,547 - 93,600 (Swing High)
93,906 - 94,000 (Daily R3)

Trading Guidelines
Current price (91,685) is between Daily R1 and R2
Strong resistance cluster near 92,000-92,100
Key support at Daily Pivot (89,062)
Maintain strict stop losses as provided
Consider scaling out at each target level

Risk Management Notes
Use maximum 1% risk per trade
Trail stops after first target hit
Monitor price action at pivot levels
Consider market volatility before entry
Watch for breakout/breakdown scenarios

Nov 16

buy or sell

Nov 15

🏆Gold Intraday Trade Setup: Sell Setup (Resistance Zone )

Intraday Trade Setup: Sell Setup for Gold (Entry Price: 2588)

Trade Setup

Trade Type: Sell

Entry Price: 2588 (Sell Limit Order)
Stop Loss: 2600 (12 points above entry)
Take Profit 1: 2560 (28 points)
Take Profit 2: 2530 (58 points)

Short Reason for Entry:
Gold is approaching a strong resistance zone near 2588, which aligns with the 50% Fibonacci retracement level of the recent upward move from 2450 to 2630. The price has struggled to break above this level multiple times, indicating strong resistance.

Additionally, the RSI is showing overbought conditions, suggesting that the bullish momentum is weakening. With this combination of technical resistance and waning momentum, the likelihood of a price reversal to the downside increases, making this a suitable point to enter a short position.

Nov 14

We may see a correction after
Rally from 65k to 93k.