btcusd 8h bullish 3drives buy/hold 25% gains

11 ต.ค. 2023

🔸Hello traders, today let's review 8 hour price chart for BTCUSD . Bitcoin trading
sideways over last 8 weeks with extremely low volatility. Having said that,
low vol always precedes high vol periods, therefore it makes sense to prepare
for the new BTC move in advance.

🔸The speculative bullish structure on 8 hour chart is bullish 3 drives pattern.
Defined by 1st drive at 25 655 usd, 2nd drive at 25 000 usd and finally 3rd drive
expected to complete near 24 000 / 24 100 usd with potential overshoot below
24K before reversal. I'd also look for price/RSI divergence to confirm reversal
entry setup.

🔸Recommended strategy bulls: wait for pullback to complete near 24 000 usd
and confirm reversal signal with RSI/price div on 8 hour chart and/or use any other
systems/indicators to confirm reversal. BUY low close to 24 000 usd, stops fixed at
23 000 USD, TP1 bulls is 28 000 USD TP2 bulls is 30 000 USD, 25% upside in this trade
setup without leverage. break below 23 000 usd invalidated bullish outlook.
good luck traders!

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11 ต.ค. 2023

บันทึกช่วยจำ

low vol conditions recently