BTC stars are aligning for significant breakout ✨ SL + Entries
Hey folks,
I'm following the same technical analysis strategy that I used on my last successful idea:
Reasons to buy BTC right now (1W Timeframe):
Considerations:
Bearish divergence on the 1W chart between the last two ATHs.
Entry: 44.5k (DCA 42.7k 41.7k - these entry points are likely in a drawback before the next move up)
SL Options:
*28.8k (Widest and lowest risk - adjust your entry amount accordingly and focus on improving entry rather than maximising amount)
*32.9k (Wider)
*40.3k (Tighter)
*42.6k (Most aggressive SL - can focus on a larger entry amount but there's a greater chance of this being hit. Be careful)
Not financial advice, I'm not a professional. Good luck and let me know how you get on.
I'm following the same technical analysis strategy that I used on my last successful idea:
Reasons to buy BTC right now (1W Timeframe):
- RSI / 14 RSI MA Crossover
- Breaking upwards out of Stochastic RSI oversold
- Candles breaking through 50 EMA
- cuongitl's extremely reliable Wavetrend indicator crossing upwards (usually only accurate on smaller timeframes when lema + lsma lines are heading upwards, but on 3D/Weekly timeframes and higher, crossovers hold more weight without trend in my experience)
- These are the conditions that occurred in the breakout after last Summer's bear market.
Considerations:
Bearish divergence on the 1W chart between the last two ATHs.
Entry: 44.5k (DCA 42.7k 41.7k - these entry points are likely in a drawback before the next move up)
SL Options:
*28.8k (Widest and lowest risk - adjust your entry amount accordingly and focus on improving entry rather than maximising amount)
*32.9k (Wider)
*40.3k (Tighter)
*42.6k (Most aggressive SL - can focus on a larger entry amount but there's a greater chance of this being hit. Be careful)
Not financial advice, I'm not a professional. Good luck and let me know how you get on.
Note
There's significant resistance at the 45.5k-46k level. If it rejects, consider entering on the drawback. If it breaks through, happy days. If it consolidates in this area, bull flag will form before a move upwards.Stay on your toes.
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Publications connexes
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.