Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/02/04

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Market Overview

• Price Action: Ethereum's massive breakout has also lifted BTC up with it. BTC is now testing the highs of $38.1-38.5K.
  
• Patterns: N/A
  
• Areas of Interest: The area(s) of interest for us are the highs @ $38.1-38.5K and the 200MAs @ $36.2-36.5K. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time.
  

Trade Setups
Below are the potential trade setups that I would be interested in trading. Once price reaches one of these zones, I will monitor closely and post a trade signal if we get a high probability trade setup.

Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $36.2-36.5K by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming

Short Trade Setup #1: False Breakout
1. Price Action: Price breaks above and then falls below the high @ $38.1-38.5, forming a bull trap
2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out

Recent Trades

• 2021/ 01 /31: We had a winning trade! We entered long @ $33654 SL @ $33292, price reached a high of $34220, giving us a risk reward ratio of 1.6:1, meaning if you risked 1BTC on this trade, you could've made 1.6BTC.
  
• 2021/ 01 /29: We had a winning trade! We entered short @ $37.2K SL @ $38150, price reached a low of $33500, giving us a risk reward ratio of 3.9:1, meaning if you risked 1BTC on this trade, you could've made 3.9BTC.
  
• 2021/ 01 /28: We had a losing trade! We entered short @ $31100 SL @ $31427, and we hit stop loss.
  

About Me

• I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
  
• I have worked on Wall Street trading bonds, stocks, and options.
  
• I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals.
  
• I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity.
  
• I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
  

Why Follow Me

• Daily analysis on the latest market movements and price zones for high probability trade setups.
  
• Live trade signals so that you can take the same trades that I am taking.
  
• A great place to help each other, learn from each other, and grow together.
  
• Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials
  
• Constantly testing and adding new trading strategies and refining battle-tested ones.
  

DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR.

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ความคิดเห็น:

long-official trade
Entry 36,819 or lower
SL 36,528
TP1 36,965
TP2 37,110
TP3 37,256
TP4 37,401

ความคิดเห็น:

TP1 hit! TP2 almost hit as well.

ความคิดเห็น:

all tps hit!