BTC stars are aligning for significant breakout ✨ SL + Entries

2022年2月10日

Hey folks,

I'm following the same technical analysis strategy that I used on my last successful idea:

Reasons to buy BTC right now (1W Timeframe):

• RSI / 14 RSI MA Crossover
  
• Breaking upwards out of Stochastic RSI oversold
  
• Candles breaking through 50 EMA
  
• cuongitl's extremely reliable Wavetrend indicator crossing upwards (usually only accurate on smaller timeframes when lema + lsma lines are heading upwards, but on 3D/Weekly timeframes and higher, crossovers hold more weight without trend in my experience)
  
• These are the conditions that occurred in the breakout after last Summer's bear market.
  

Considerations:

Bearish divergence on the 1W chart between the last two ATHs.

Entry: 44.5k (DCA 42.7k 41.7k - these entry points are likely in a drawback before the next move up)
SL Options:
*28.8k (Widest and lowest risk - adjust your entry amount accordingly and focus on improving entry rather than maximising amount)
*32.9k (Wider)
*40.3k (Tighter)
*42.6k (Most aggressive SL - can focus on a larger entry amount but there's a greater chance of this being hit. Be careful)

Not financial advice, I'm not a professional. Good luck and let me know how you get on.

2022年2月10日

註釋

There's significant resistance at the 45.5k-46k level. If it rejects, consider entering on the drawback. If it breaks through, happy days. If it consolidates in this area, bull flag will form before a move upwards.

Stay on your toes.