Helical_Trades

BTC/USD : Is there any relief before the major crash ?

COINBASE:BTCUSD   Bitcoin
BTCUSD
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !

Currently we're at early stage of bearish macro movement. So there'll be two main scenarios to discuss :
- Early stages for relief.
- Late game plan.


📌 I would like to inform more about my main plan into macro view before heading to today's subjects .
I'm searching for every possible buy zones into Bitcoin production cost's level to ride a short-term LONGs for portfolio.
After that I would match my SHORTs with the last one into three phrase of levels : $39000 - $46500 - $51000
Each levels have it's own affect and we'll talk about them at time.
Into long-term SHORTs, I'll be searching for two levels to fill my long-term bags : $19900 - $11500
$19900 is the level of electricity cost and $11500 is my main classical level of support.
After the volatility phases, We might face the mid-term's accumulation; But the main target will be $85000 and $113000.
Let's sum things up :
- There's a possible relief in short-term after fundamentals affections.
- Main buy levels should be located on $19900 and $11500.
- Aiming for $52000 - $85000 - $113000 after accumulating below electricity cost.


📚 Now let's to our main subjects, will be there any relief before the major leg down below $29000 ?
The answer can be a solid yes; Bu it won't be a correct answer for positional and swing traders.
Taking position into daily TF is well risky here; Because you can't located a good Stop-Loss level for your spot positions.
Also filling your long-term bags here is not suggested because the big picture of market is still uncertain.
But if your minding to risk your portfolio, Then the below LONG setup can become handy for your trading strategy :
I would located my LONG from top of the production cost level and try to averaging it down to my main entry level at swept EQ lows at $31000.
🔴 Losses should be caught after a hold below $29000.


📚 There will be some traders try to enjoy their SHORTs till the main long-term buy levels as well; So what could the do ?
This group of traders won't become into any need of market's tracking.
There're solid plans to follow.
- Locate your SHORTs after an engulf below $28750.
- Locate your SHORTs after any retest into NPOC at $46500 and $51000's resistance ( SL for both is $53000 ).
For detailed information you can follow this chart :
I rather to wait for possible SHORTs to take advantage with market movements.
🔴 I'll play mine with active management, Because of possible volatility into micro movements; Positions can get caught by possible stop-hunts.


📚 Now we discussed about side plans and main plan, There are three possible trading setups into mid-term movement; Each setup have a connection with the next one.
So you won't miss out the possible trades...
But before that I want to remind that I'm searching for local buys below electricity cost at $19900 and above the support at $11500.
In my vision; There will be a great season into the next half of the year ( Q3 2022 and Q4 2022 ) specially I believe that our major leg up should be happen in November 2022.
To sum up the possible positions :
Don't to follow the structure as I told so...


📑 Just reminder for FA picture (Not for leveraged trades):
Buying below production cost is Investing.
For short-term, It can bounce from Production Cost level for short term profit.
For Long-term, In the end, Production Cost level will be broken to Electricity Cost level.

Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
@Helical_Trades

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