Trading Crypto Coach
BTCUSD - Up or another downward Leg? https://www.tradingview.com/chart/BTCUSD/cZU1YubT-BTCUSD-Up-or-another-downward-Leg/
Having some quick notes here guy. Good luck.
BTCUSD -Another Low risk trade https://www.tradingview.com/chart/BTCUSD/WlVQOTYw-BTCUSD-Another-Low-risk-chance-to-Buy/
TradingView
BTCUSD - Another Low risk chance to Buy for BITFINEX:BTCUSD by DatTong — TradingView
Brief:
- 1000 contracts bought at the 46000 levels to keep the Low
- Price backed up from that point and went higher
- Price trapped a lot of panic sellers
- Good RR to trade
- 1000 contracts bought at the 46000 levels to keep the Low
- Price backed up from that point and went higher
- Price trapped a lot of panic sellers
- Good RR to trade
BTCUSD - new view https://www.tradingview.com/chart/BTCUSD/GqduiwA1-BTC-Bouncing-off-to-test-the-liquidity-level/
TradingView
BTC - Bouncing off to test the liquidity level for BINANCE:BTCUSD by DatTong
Quick view:
- Forming base and nice rejection
- Bullish candle at support
- OK RR
Good luck as usual!
- Forming base and nice rejection
- Bullish candle at support
- OK RR
Good luck as usual!
New view for BTC https://www.tradingview.com/chart/BTCUSD/XyKPyNG1-BTCUSD-Nice-boucing-from-key-D1-level/
TradingView
BTCUSD - Nice boucing from key D1 level for BINANCE:BTCUSD by DatTong
- Nice boucing from D1 at the key structure level
- Tested short EMA from an effort to reverse its previous downward structure.
- It's clear path for positioning if you have not done yet
- Still a lot of long-term holders from on-chain data
- Tested short EMA from an effort to reverse its previous downward structure.
- It's clear path for positioning if you have not done yet
- Still a lot of long-term holders from on-chain data
- Fed is still on on aggressive mode for rate hike coming months as inflation is still high across the globe
- Oil trend is up so stock market or risky market is not in the pressure to unwind the available cash as corporates are still in hard time ahead with both inflation and credit limitation
- There would be another expected downward movement from stock market before things are settled by the year end
This gives the same direction for Crypto market. So scale your positions wisely with this theme till year end.
20,000 is the next level ppl look for BTC with hope to hold the blood while 1,000 is for ETH. I don't mind the levels as I concern more on next 2 days with Fed rate hike while there are an odd of more than 20% with higher than expectation. If it happens it would be BAD. If not the above levels are valid for the time being.
Fed made a rate hike 0.75% yesterday and market is selling the fact by taking profit and closing positions. So the 20,000 level for BTC and 1,000 for ETH are working great for now at least in short term as a bouncing back. However, the theme does not change and some companies/org would use the correction to sell on rally later as macro things are still intact. So position wisely again. Don't be greedy with positive positions. Good luck with trading!