$BTC is around $81K after breaking above $80K, with momentum strong but indicators showing the market is getting stretched.
The strategy I’d use:
Don’t chase: wait for a pullback/retest instead of buying a green candle.
4H chart: identify the main trend and key support/resistance.
1H chart: use the retest for entry confirmation.
Breakout: only enter after BTC closes above resistance and holds the level on retest.
Stop-loss: below the invalidation/support level—not an arbitrary percentage.
Take profit: scale out at the next resistance rather than waiting for one perfect target.
Risk: keep each trade small; never let one BTC trade damage the account.
A backtest of BTC strategies also shows why simple trend-following rules can be useful, but no strategy works equally well in every market regime.
First find the level. Then wait for confirmation. Then take the trade. Not the other way around
#Bitcoin #square #BTC #tradingStrategy #price
The strategy I’d use:
Don’t chase: wait for a pullback/retest instead of buying a green candle.
4H chart: identify the main trend and key support/resistance.
1H chart: use the retest for entry confirmation.
Breakout: only enter after BTC closes above resistance and holds the level on retest.
Stop-loss: below the invalidation/support level—not an arbitrary percentage.
Take profit: scale out at the next resistance rather than waiting for one perfect target.
Risk: keep each trade small; never let one BTC trade damage the account.
A backtest of BTC strategies also shows why simple trend-following rules can be useful, but no strategy works equally well in every market regime.
First find the level. Then wait for confirmation. Then take the trade. Not the other way around
#Bitcoin #square #BTC #tradingStrategy #price
