Disclaimer
Heya
Chuuuckie, noob-analyzing some charts. Our trades were really going well, I have not posted for a while because we assumed I got the Virus, and yes I got unusual common symptoms.
BTC-FUTURES the BUY Set-up
Seeing BTC struggling breaking the 60k is an important key level in the near future, you should be able to notice that since weve been there at 38kUSD, we broke out and went up between 80%-100%.
Our group has been trading without my guidance in our messenger chat, they have been trading long for BTC when it had a huge support at 50k, and that is also a psychological support, important key levels are already labeled. Thanks to @ruah by the way for guiding some of our members.
Labeled key levels calculated based from my own risk that I would want to lose if the trade is going opposite, however the leverage I would suggest for the next trade would x10-x12.
The Fib Retracement and VPVR is at 43k level, I would start at 43k level on the day that we broke out from the previous ATH on January. While we were trading sideways, we should be closing our trades since there is no point of staying on the position we had at 50-54k LONGS.
For VPVR, I believe that the entry we will be having would have a strong demand, some people would also like to hunt those Stop Losses creating a domino effect.
Notes: We might be entering a trade at breakout and/or during confirmation at 61-62k.
Another Note: The News are still good for BitCoin, especially VISA
more to this - https://www.bloomberg.com/news/articles/2021-04-02/ether-rises-to-record-as-crypto-rally-broadens-beyond-bitcoin
BTC DOMINANCE - ALTCOIN RALLIES
Observe the candles going down as some Main alts, BTC dominance is lower while BTC is consolidating, some coins will rally. As far I have observed, those COINS are mainly DPOs including #Hive and its not just #HIVE,
and please correct me if Im wrong if these Coins are not DPoS
#trx #eos #xtz #icx #ark #steem
and its not just these DPoS coins were rallying up, but also shitcoins that are useless, a coin traded only for profits.
Lets not forget the 1HR Chart
Oh, by the way. I forgot to mention that we have this obvious pennant right here, and the pennant came from the previous breakout (which I forgot to share here), this is pretty useful for trading on shorts. While it now obvious that some main Alts are rising. But we wont be shorting this time.
Lets not OVERANALYZE!
Lets all remember that we should stop over analyzing and calm down. Not everything is 100% accurate, that's why we calculate those risk when we analyze, some analysis are also based out of emotions.
An example from those charts is the Psychological resistance at 60k/USD level. See the Violet box on that picture.
Friendly reminder to everyone, lets all not be greedy during the bull market.
Thanks guys!
Index Blog
Starting a Small group to help beginners in Trading
1.x.x - Introduction x Start Trading w/ Binance preferably
1.x.x - Rules of Trading
1.x.x - Calculating and Managing your TradesHIVE
2.2.14 - Is Hive really Bullish? - HIVE/BTC and HIVE/USDT
2.3.30 - 2nd Quarter Update: HIVE/BTC/USDT - "$5 USD for HIVE is it possible?"BTC
3.2.18 - BTC Hits 51k, whats next 55k or 60k? Lets see the Charts
3.4.03 - Will BTC rally up to 70k-75k - A is for April, A is for ALTSEASON
Sources/Links/References
Similar Web - Website Traffic Analysis
Trading View - Live Trading Charts
Discord Group - Generating
Binance Exchange - Refferal
Posted Using LeoFinance Beta
Our beloved
BTChit its 3.618 in fib seq, we might see head and shoulder candles playing from point(1) to point(1.618) few days from now before it longs again up 25 to 30% more than the last resistance.