BTC long setups

10 thg 5, 2021

Bitcoin is in very interesting situation but nevertheles we can scalp every day
Here is my strategy every time close around 50% after price moves up around 1000USD just to take off the table some profits
and rest leave for moon ride
this is not financial advice and just a note for my personal use but if you do trade based on this idea you are 100% responsible
I want to prove from this DAY on I will give better signals like all this nonsense paid telegram groups
buying tops and selling bottoms
My strategy is simple multiple entries with tight SL
we need around 2 3 or 4 basic TA rules coming together at one sweet spot AKA buying clusters we buy buy when everyone is scared :)
yes it may result in loss many times but losses are smaller compared to gains
remeber 1 trade can make up 10 losses if every time we have SL 100 and TP more than 1K
So here we go challange of day 1
LONG from 56512
or 55500 bot cases SL 500 below
why 56500 its 2 fibo clusters from recent uptrend and from february to ath uptrend so 2 fib lines together
plus 4H 200 EMA at 56300 so fantastic buy zone
entry 1 56500
entry 2 56300
SL 55900
TP 1 57500
TP 2 58900
tp3 72000
if hit SL another try at 55500
risky but it makes some sense
55500 is generally a good resistance before and now ssupport it was respected many times and because we have 50 daily EMA its worthy bet
daily ema many many traders look for and its always good idea take trade from there
in this case SL 55300 TP same
55500 we have daily