Another opprtunity to buy the dip with target 8.4k

3 thg 4, 2020

Hi all,
I am back with another chart. This week started with bullish momentum and we have seen good price action so far. I am speculating that bitcoin will hit 8400 very soon within this April month and buying under 7k is yet another opportunity.

Trade Set up:
Entry : < 6900
Target : > 8100
Stop loss : < 6100 ( I suggest not to have tight stops as wicks could be generated to hunt the stops)

Kindly hit like and comment if you find my charts helpful.

Best and peace,
Budha

3 thg 4, 2020

Ghi chú

Looking good :

3 thg 4, 2020

Ghi chú

we hit 7k again and here price could fluctuate between 6500-7300 fighting the weekly resistace. If you one riding this since 6ks they need not panic...new buyers who didn't bought under 6900 can wait and not fomo even if it runs a little I will update new buy points later

3 thg 4, 2020

Ghi chú

Huge support here to long

4 thg 4, 2020

Ghi chú

As mentioned above we got huge support at 6700s and on 30 mins scale:
chart is extremely bullish, howeevr pump may depend on the daily scale which may or may not take some time

4 thg 4, 2020

Ghi chú

perfect reason to buy now and hold the long

4 thg 4, 2020

Ghi chú

as stated above it blasted and gave us 7k and retraced a little to go up

5 thg 4, 2020

Ghi chú

could dip a very little here giving us good opportunity to long soon

5 thg 4, 2020

Ghi chú

dipped to 6730s to push back the price:
I suggest not to have any shorts and wait with patience holding the long

6 thg 4, 2020

Đã hủy lệnh

Hi all,
We hit 7200 and I request every one to take the profit as I see some bad news from weekly chart

Which can lead to the dip....I could be wrong but I decided not to continue in this trade as I may find better entry point later above 7400 or under 7k again. Thanks for following this chart, I will come with new idea soon.

Beast regards,
Budha

6 thg 4, 2020

Đóng lệnh: đạt mục tiêu

hi all to explain in details why I cancelled this trade : we hitting resistance and crossing it on weekly but sad news is it's still day one so there are 2 sceneriaos I expect 1) a retracement here under the resistance and pump/dump next week in which case it's not good to hold long here as we can find better long enter mid/end of the week 2) huge pump today and tomorrow to settle the candle above the resistance .....I support first scenerio but not second due to lack of the strength I'm the trend.

My suggestion is not short not long and wait untill mid/end of the week to get best entry, in simple words you can follow me for my next chart.


Best,
Budha

7 thg 4, 2020

Ghi chú

Hi all I come up with this below chart kindly check. Thank you