How to Trade BTC/USD Right Now

28 août 2020

In this technical analysis I will walk you through the most important things on the 1h chart right now.

First of all, it's important to re-iterate one simple trading lesson. Buy low, sell high.

Low and high are terms that are relative. In the chart you can see how I try to give meaning to those relative terms.

I determine a "low" price to be close to a place of support. Those are areas in which it is a great opportunity to buy.

I determine a "high" price to be a price close to the trendline that marks resistance. For instance prices going towards around $11,500.

Then, I simply wait until the price goes close to either of those levels. When the price is at the current levels, you wouldn't want to make any decisions because your risk-reward will be off completely.

If you wait for the price to be around one of these levels you can enter a trade with much better risk-reward.

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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!

28 août 2020

Transaction en cours

We have reached the resistance trend line. As per idea, this could be a good moment to enter a short trade.



Good luck!

30 août 2020

Trade fermée manuellement

This idea got rejected pretty badly. The price broke through the resistance trend line and started an uptrend instead.

We are now in a difficult moment that doesn't allow us to choose direction straight away. In my next idea I will go into detail on what I think will happen next: