BTC BREAKDOWN - DAILY CHART ANALYSIS
Hey Traders!
Today i want to show you my BTC Chart Analysis on the daily timeframe.
What happened?
- Bitcoin did break down of the big bear flag and dumped 15% since then and now reached the strong $30000 - $28500 support range.
What do i do now?
- I bought into spot again today with 15% of the margin i want to invest and looking to DCA more into the market if we break down this level.
What happens next?
- If we not hold the $30000 - $28500 range and break down again i will target $24500 - $22000 which i believe will be the really bottom of the current bearmarket. There i will buy a lot and open some long trades aswell.
Trading Ideas
- I will long $30000 - $28500 with dca and a 20x Leverage ( I not recommend using 20x! High risk )
I think that range is a nice entry for a long with a good risk management. Im using 20x because im an experienced Trader but i would only recommend going with 2x-5x here if you want to play it safe.
I hope you guys like my idea :) I would love to see some feedback!
Today i want to show you my BTC Chart Analysis on the daily timeframe.
What happened?
- Bitcoin did break down of the big bear flag and dumped 15% since then and now reached the strong $30000 - $28500 support range.
What do i do now?
- I bought into spot again today with 15% of the margin i want to invest and looking to DCA more into the market if we break down this level.
What happens next?
- If we not hold the $30000 - $28500 range and break down again i will target $24500 - $22000 which i believe will be the really bottom of the current bearmarket. There i will buy a lot and open some long trades aswell.
Trading Ideas
- I will long $30000 - $28500 with dca and a 20x Leverage ( I not recommend using 20x! High risk )
I think that range is a nice entry for a long with a good risk management. Im using 20x because im an experienced Trader but i would only recommend going with 2x-5x here if you want to play it safe.
I hope you guys like my idea :) I would love to see some feedback!
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