Alleyz Bitcoin Analysis[24.3.13 Tue AM 6:00 UTC-0]

BTCUSDT.P


Main Technical Trading Method -

1.Dow Theory - Have to breaking out high point or breaking down of low point
2.Average True Range - Volatility of High and Lows
3.MACD - Convergence and Divergence of Between 12MA and 26MA
4.Stoch RSI - Relatively Low Point Timing and Relatively High Point
5.Bollinger Bands - Using STD3 and Price boundary have to in that area ( 0 ~ 1 )
6.Stock to Flow Model - Valuation of Bitcoin
7.Fibonacci - Primary Level Point
8.Fixed Range Volume Profile - Primary Point of Control

Current Time - 03/2024 ( Week 3 )

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[1] Analyze the Current Chart Composition

[1.1] Overview
Well… Nobody thought it’s on this price,
it’s not just Phenomena
What we have to do is to hold your mentality and keep thinking about What’s Our Strategy

[1.2] Current Fibo Tracement

0.236 - 65K
0.382 - 60K
0.5 - 56K-57K
0.618 - 52K

[1.3] Current Fibo Extension

1 - 61K
1.618 - 75K
2.618 - 97K

[1.4] Support and Resistance Level

<Resistance Level>
Power Layer - None (Continuously All Time High)

<Support Level>
Power Layer -60K, 65k, 67k, 69k

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[2] Strategy 1 - Long

I think that We have to look at Log-Chart for Long-Term View,
So When you hesitate of Taking a Position, Just Do That Position and please
put the stop loss on your position

Because, We have to survive in the market


[2.1] Trading Set up
Risk / Reward Ratio = 7-8% ( 80K)
'Trailing Stop Function' gives you better 'Take Profit level' , as we think about Risk / Reward Ratio

Trailing Stop Least Position - 73K
Stop Loss - 71K

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[3] Strategy 2 - Short

Well, Currently
when we see the how the bitcoin moves, after Short-term sell positions occur, Somebody takes a long position quitely, So we have to think it's obviously 'Bull Market'

So When you are trying to Taking a Short Position, you should think very hard

Please See the Candlestick Pattern !!!

[3.1] Primary Fibo level

0.236 - 65K
0.382 - 60K
0.5 - 56K-57K
0.618 - 52K


[3.2] Trading Set up
Risk / Reward Ratio = 7 ~ 14
Profit - 7% ~ 14% , Loss - 1%

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[4] My Trading Set up
I'll do Long Position which Strategy is Number 1, but if it touches stop loss, Than i'll re-think of My Strategy

This is just My Strategy about BTC/USDT.P
You just use one of the References of Analysis

Good Luck Guys!!