BTC/USD Short: FibCloud Rejection and 200MA Target
ที่อัปเดต:
On the 8-hour BTC/USD timeframe, I have executed a short position following a clear rejection from the FibCloud, signaling strong resistance at this level. The price action showcases a classic flip of old support into new resistance, further solidifying bearish momentum.
My target for this trade is the $90,000 price zone, aligning with the 200MA on the 8-hour chart. Additionally, order flow data confirms significant sell-side activity, with large orders clustered between the $90,000 and $89,000 levels, providing further confluence for this setup.
The trade is structured to capitalize on the retracement move, with the potential for price consolidation or reversal upon hitting the 90K psychological and technical support zone.
Technicals:
• Entry Trigger: Rejection from FibCloud and resistance flip.
• Target: $90,000 (aligned with the 200MA and key order flow levels).
• Stop Loss: Positioned above the FibCloud to mitigate risk.
• Order Flow Insight: Large sell orders between $90,000–$89,000 add weight to the bearish scenario.
This setup emphasizes a disciplined approach to risk management, leveraging technical and order flow alignment for optimal execution. Stay sharp, and remember to pay yourself!
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
My target for this trade is the $90,000 price zone, aligning with the 200MA on the 8-hour chart. Additionally, order flow data confirms significant sell-side activity, with large orders clustered between the $90,000 and $89,000 levels, providing further confluence for this setup.
The trade is structured to capitalize on the retracement move, with the potential for price consolidation or reversal upon hitting the 90K psychological and technical support zone.
Technicals:
• Entry Trigger: Rejection from FibCloud and resistance flip.
• Target: $90,000 (aligned with the 200MA and key order flow levels).
• Stop Loss: Positioned above the FibCloud to mitigate risk.
• Order Flow Insight: Large sell orders between $90,000–$89,000 add weight to the bearish scenario.
This setup emphasizes a disciplined approach to risk management, leveraging technical and order flow alignment for optimal execution. Stay sharp, and remember to pay yourself!
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
การซื้อขายยังคงดำเนินอยู่
I’ve secured some profits at the 92,500 level, locking in gains as the trade now stands at 6% in profit. The position is officially risk-free, as I’ve adjusted to manage risk effectively going into the holiday season.
This ensures capital safety while allowing the short trade to capitalize further if the market continues downward. Enjoy the trading week, stay sharp, and remember to pay yourself!
บันทึก
The trade has returned to the entry price zone, which also aligns with the Point of Control (POC) of this range. I am now reconsidering whether to let this trade run further or close it at breakeven. Notably, there are still large orders below the 91k level, offering potential opportunities if the market dips.
At this point, I only hold a small portion of my initial position, as I made it a low-risk trade by selling most of it earlier. This aligns with the cautious approach I adopted due to the holiday narrative. Enjoy the holidays, stay sharp, and always remember to pay yourself!
บันทึก
BTC has yet to break below the 92.5k level, maintaining its consolidation range between 100k and 92.5k after rejecting the 97.5k price area on Friday. To manage the position effectively, I have adjusted my stop loss (SL) below the entry price, ensuring a profitable exit if the market trends higher.
Stay sharp during these trading days and always pay yourself!
บันทึก
BTC has tapped the 91k price zone, aligning with its demand zone and the Value Area Low (VAL) at 91.1k. To manage this trade effectively, I have adjusted my stop loss (SL) deeper into profit at the 95k price area. From this point onward, I will actively monitor the trade and close it manually if necessary to protect profits.
Always pay yourself and stick to your trading rules!
ปิดการเทรด ด้วยตนเอง
The trade has been closed manually at 92k due to significant buying pressure observed on the order flow. It was a good and straightforward trade, although I initially expected BTC to displace deeper, targeting at least 87k more swiftly before the start of the year. However, we always take what the market offers rather than force expectations.
This marks a strong finish for the trade and a solid start to the year. Stay disciplined, manage risk effectively, and remember to pay yourself. Here’s to a successful trading year ahead—happy 2025!
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