To open SHORT positions for BTCUSD , it is required:
In this situation ]MACD must go into negative territory to confirm trade entry for movement to the downside but if the market trend continues to range this signal will become invalid. Market execution for entry, I will confirm signal once the conditions have been met.
Risk Description: TARGET 10K
Will add more position as price continues to fall.
Profit expectations: 1-4 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone. I have provided a similar limited version of the system on Trading view to help traders visualize the strategy.
EP 2 15700
-SL is set just above swing high.
-In case of bear trap I will post hedging strategy for those who are in short positions. Good luck traders
BTC is looking to turn bullish within this range, we can expect a reversal if our volume analysis is correct, buying pressure has returned to the market.
Sentiment will begin to change
Swing HIGH : 15964
Swing LOW : 13730
SL just under swing low 13100
15000 target could be a possibility for today but my analysis is hinting that there is a possibility of a correction @ 14000. lets wait for correction to catch another wave to the upside.
1. market continues to climb to 14.5k-15k
2. Market continues to range and falls to 13.1k before we see another wave to the upside
HEDGE SIGNAL COMING SOON
Hedge trade // risk on
- BTC remains bearish due to international regulatory issues
- BTC now targetting 10k
- STAGE 5 System updated
unfavorable ranging conditions, make it hard for me to give a accurate forecast
still waiting for confirmation for a bias to the upside on btc
I am only focused on trending market for a good trading oppurtunity.