People are bearish while PA shows otherwise
Aggiornato
My previous trade has closed manually with tiny profits. I have explained the reasons why I closed the trade as well as the difference between a limit/market order in terms of trading fees. In addition, the importance of waiting for a pullback which has a huge impact on the risk reward ratio.
As you know, I think the market is more like to go sideways for a while before deciding which direction it should go. And because of this, all the trades I am taking before the market decides its next movement/direction is only for short term trades.
Currently, price has broken above the downward trendline on the 1hr timeframe after a false break below $9,250 (bear trap). These price actions show sign of continuation of upside movement.
Please keep in mind all these setups are for short term trades which means - smaller position size & lower target expectations.
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Past winning trades: (without leverage)
Bought between $5,000 - $5,500. Sold around $6,850 (30% profits)
Entered $8450, sold around $9,800 (16% profits)
Bitcoin dropped from 12k to 7k as expected (40% fall)
Perfect call on 12k weekly resistance
Bitcoin, perfect call (300% profits)
Bitcoin, bought between 6.8k - 7.3k (40% profits)
Bitcoin dropped to 3.5k as expected (40% fall)
Bitcoin, bought $6220 target $8480 (36% profits)
Education posts:
2618 trade
Top-down analysis
How I draw the trendline
Risk management series:
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As you know, I think the market is more like to go sideways for a while before deciding which direction it should go. And because of this, all the trades I am taking before the market decides its next movement/direction is only for short term trades.
Currently, price has broken above the downward trendline on the 1hr timeframe after a false break below $9,250 (bear trap). These price actions show sign of continuation of upside movement.
Please keep in mind all these setups are for short term trades which means - smaller position size & lower target expectations.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Past winning trades: (without leverage)
Bought between $5,000 - $5,500. Sold around $6,850 (30% profits)
Entered $8450, sold around $9,800 (16% profits)
Bitcoin dropped from 12k to 7k as expected (40% fall)
Perfect call on 12k weekly resistance
Bitcoin, perfect call (300% profits)
Bitcoin, bought between 6.8k - 7.3k (40% profits)
Bitcoin dropped to 3.5k as expected (40% fall)
Bitcoin, bought $6220 target $8480 (36% profits)
Education posts:
2618 trade
Top-down analysis
How I draw the trendline
Risk management series:
~~~~~~~~~~~~~~~~~~~~~
- Chapter 1: 1% rule
- Chapter 2: How to calculate position size?
- Chapter 3: The Sweet Spot
Nota
If you don't understand what I meant by short term trade, below is what I mean. The current price on the higher timeframe is at near the resistance, you simply don't buy at resistance if you are swing trading.
But this idea is more of a intraday idea and hence why it is still doable despite the current price is so close to the resistance level on the higher timeframe
Nota
How many of you entered? Leave a "yes"!!
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