BTCUSD Long with 2 confluences

2021年12月11日

List of confluences: With more to form in the coming days.


1: Daily chart key level, which shows the formation of a lower high. We would need a breakout and close above this level (51 967 USD) on the daily chart to confirm a change in market structure and the creation of a new high.
2: Inverse head and shoulder pattern formation on daily chart and H4 time frame. Its more visible on the H4 time frame. We expect visibility to increase on the daily chart in the coming days.





Summary:
When we look at the BTCUSD weekly chart, we can clearly see that BTC remains bullish. The manner in which price behaves in the next few weeks going into the new year will give an indication whether BTC is starting a bear market or remains bullish.
Moving onto the daily chart, the trend is over extended remains bearish. We can see some buyers trying to enter the market, with the creation a lower high formed around the 7 and 8 of December. This shows possibility of the trend turning bullish, which would be in line with the trend on the weekly chart, making for some explosive moves to the upside. The target would be in the region of 68 100 dollars. Targets are set using fibs. We only looking to trade about 60 - 65% of the move with a decent risk reward as there is higher probability of our target getting reached. We do not want to stay in trades too long as anything can happen at any time

2021年12月24日

註釋

BTCUSD just broke structure on the daily chart around the key level of 49532.1 We are expecting a rally going into the last week of the year. The daily chart trend is in line with the weekly chart trend so we are expecting a move to the upside due to the weakness in the dollar. We could see BTC raise by about 13 670 dollars. We will need price to pull back towards they level before looking for any entries

2021年12月26日

註釋

BTCUSD testing key level. This presents a good buying opportunity! We might see the so called Xmas rally which generally takes place just before the new year.

2021年12月28日

交易進行

BTCUSD currently Testing 4953x.xx
We have entered long