Bitcoin BEARS in Charge | What Is Next??

We wanted to publish this trade idea today based on a strategy we named "Big Three"

To make it easy for you to see how it works were going to lay out basic rules of the strategy...

Here they are:

First thing you are going to want to do is apply 20 - 40 - 80 sma to chart.
Second, determine trend - price is below ma's - Bearish

Step 1 wait for red candle close below ma's
Step 2 watch for bullish pullback
Step 3 enter on red candle close below ma's
Step 4 SL above ma's
Step 5 you determine based on price analysis TP

So based on the rules, and based on our price action analysis of this right now, we see a good SELL zone around the area of 6262

We'll keep this updated if anything changes.

let us know in the comments if you have any questions for feedback related to BTC right now.

Thanks guys!

Комментарий:

Still in the zone and looks like it is close to breaking below this trend line.

No trade here, but keep an eye on this. I think if it moves, it will do this QUICK!

Комментарий:

Breakout setup on 2H, 30m and 5m chart
5m break-hook-go complete
Waiting for 5m candle to break support level
Enter on a 5m candle close or more conservative entry would be after another
5m break-hook go of the supper level.

Комментарий:

My entry on a 5m support level candle close

Комментарий:

Here will be my 1st exit where I will take 1/2 off of my trade
Then @ 5995 I will watch again for either a breakout candle close or a breadk-hook-go pattern to complete.

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HERE IS A VIEW FROM THE MONTHLY, 4H AND 30M

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Here is a view from Day, 4H, 1H and 15M

Комментарий:

1st Take Profit Hit
I personally closed my complete trade waiting for the next move

Комментарий:

Possible Bearish continuation move down to weekly support @ 5810
Watch for a break-hook-go pattern on a 5m or 15m chart

Possible Bullish reversal move back up to 6265
Watch for same breakout pattern as above

Комментарий:

Some possible movement happening

Комментарий:

1H chart - possible bullish pullback completed at 38.2% fib
Trendline is currently been broken but
Waiting for a 30m trendline breakout candle close

Комментарий:

Let's see what this 30m candle close will be.
If closes below trendline and red line I am in short