Bitcoin: First Buy Signal 4H & 8H
Timeframe: 4H to 8H to avoid false signals
Target Zones:
First Target: $58,000 - $59,500
Second Target: $55,000 - $56,500
Rationale:
-I took substantial profits on my long-term position between $69,000 and $72,000. I'm starting to look for areas to reposition my funds.
-I expect Bitcoin to then reach the second target of $55,000 - $56,500 range.
-ETF flows will also be monitored closely for additional insights.
-Hash ribbons will also be monitored closely for additional insights.
With a bit of luck, I'll manage to wait for the $55,000 zone. I'd like to make it clear that I'll always have funds available if Bitcoin were to sink back below $50,000, $40,000, or even $30,000, the important thing being risk management.
Trade Carefully!
Target Zones:
First Target: $58,000 - $59,500
Second Target: $55,000 - $56,500
Rationale:
-I took substantial profits on my long-term position between $69,000 and $72,000. I'm starting to look for areas to reposition my funds.
-I expect Bitcoin to then reach the second target of $55,000 - $56,500 range.
-ETF flows will also be monitored closely for additional insights.
-Hash ribbons will also be monitored closely for additional insights.
With a bit of luck, I'll manage to wait for the $55,000 zone. I'd like to make it clear that I'll always have funds available if Bitcoin were to sink back below $50,000, $40,000, or even $30,000, the important thing being risk management.
Trade Carefully!
Transaction en cours
First spot buy made between $59,500 and $57,500. Now waiting for a break below the May 1st low around $56,600.Transaction en cours
First take profit around 60,000$ for 5.5% gain. Sale of 50% of my position at an average purchase price of 56,700$.
Trade fermée: cible de profit atteinte
Second take profit at $64,000 for a gain of 12.5%.Selling the remaining 50% of my position.
Total gain: 9%.
Clause de non-responsabilité
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.