#btc70k
Most traders are ignoring Bitcoin's yearly cycle, even though the yearly cycle is highly supportive and helpful for your long term trade.
When you take trades in the short term on a smaller time frame, it only gives you a little profit. In contrast, when you take trades on a large time frame, that trade runs for a long time with less margin, resulting in a lot more profit.
I have created a setup based on this. Please look at that setup and let me know in the comments if you agree with my setup.
Swing Long Entry$73,000 – $75,000
SL $68,000
Take Profit 1 $85,000
Take Profit 2 $100,000
Confirmation Trigger monthly close above $78,000.
Short
Entry: If the price breaks below $70,000 with high volume.
Stop-Loss: $75,000.
Take Profit: $60,000, $57,945 (Year Low).
Invalidation Conditions
If the price breaks below $57,945 (Year Low), the macro bullish thesis is invalidated, and the market enters a deep bear phase.
If the price reclaims $100,000, the macro bearish thesis is invalidated, and a new bull market is confirmed.
$BTC
Most traders are ignoring Bitcoin's yearly cycle, even though the yearly cycle is highly supportive and helpful for your long term trade.
When you take trades in the short term on a smaller time frame, it only gives you a little profit. In contrast, when you take trades on a large time frame, that trade runs for a long time with less margin, resulting in a lot more profit.
I have created a setup based on this. Please look at that setup and let me know in the comments if you agree with my setup.
Swing Long Entry$73,000 – $75,000
SL $68,000
Take Profit 1 $85,000
Take Profit 2 $100,000
Confirmation Trigger monthly close above $78,000.
Short
Entry: If the price breaks below $70,000 with high volume.
Stop-Loss: $75,000.
Take Profit: $60,000, $57,945 (Year Low).
Invalidation Conditions
If the price breaks below $57,945 (Year Low), the macro bullish thesis is invalidated, and the market enters a deep bear phase.
If the price reclaims $100,000, the macro bearish thesis is invalidated, and a new bull market is confirmed.
$BTC
