9.25BTC layout ideas
From the chart, BTC has been sold off from around 870 all the way down, briefly dipping to around 828. The price then started to slowly climb back, and it is currently ranging around 84,400. The Bollinger Bands have tightened from the previously wide-open state after the big drop: the upper band is hovering around 84,800, capping price pressure, while the lower band is around 83,800, providing support. The MACD is moving gradually upward below the zero line; the green histogram bars are shrinking, showing signs of a potential golden cross. Today’s idea is to pull back and trade long.
Entry: long around 83,600 (strong support zone near the lower band)
Stop loss: 82,800 (if it breaks below the prior low, exit immediately)
First take profit: 84,800 (near yesterday’s high; take 50% off)
Second take profit: 85,800 (after price breaks above the prior high with volume and holds, trend continues)
Third take profit: 87,000 (near the recent high)$BTC $BTC
From the chart, BTC has been sold off from around 870 all the way down, briefly dipping to around 828. The price then started to slowly climb back, and it is currently ranging around 84,400. The Bollinger Bands have tightened from the previously wide-open state after the big drop: the upper band is hovering around 84,800, capping price pressure, while the lower band is around 83,800, providing support. The MACD is moving gradually upward below the zero line; the green histogram bars are shrinking, showing signs of a potential golden cross. Today’s idea is to pull back and trade long.
Entry: long around 83,600 (strong support zone near the lower band)
Stop loss: 82,800 (if it breaks below the prior low, exit immediately)
First take profit: 84,800 (near yesterday’s high; take 50% off)
Second take profit: 85,800 (after price breaks above the prior high with volume and holds, trend continues)
Third take profit: 87,000 (near the recent high)$BTC $BTC
