In this setup, our goal is to enter a buy or sell position based on price movements next to the middle line of the Bollinger band and pitchfork.✍
The price reacted negatively when it first touched this line and is now trying to stabilize above the middle line of the pitchfork.✍
The stabilization of the price above the pitchfork and its crossing of the middle Bollinger line starts the bullish scenario.✍
Otherwise, the downward scenario begins.✍
Tip: The 4-hour trend is still strongly bearish and there is a possibility that the price of Bitcoin will reach $69,000 and then fall again. Keep in mind, along with Bollinger, it is also important to analyze the overall structure of the trend in your timeframe.✍
Which scenario do you see as the winner in the current structure?💥
My Structural Analysis: The market will experience a bullish retracement and then return to low support levels.
أغلقت الصفقة: تم الوصول للهدف
💥 As I mentioned before: The market will experience a bullish retracement (SWB:69K) and then return to low support levels.✍ Were you able to use the above analysis and my advice? Please leave a comment.
أغلقت الصفقة: تم الوصول للهدف
The downside scenario was realized as the previous scenario.🎯
ملاحظة
Another quick position.💥 The risk of this position is semi-low. The market volume is calm until Monday and the purpose of this analysis may not be realized quickly.✍ Stops and targets are specified in the chart.✍ Bollinger and RSI are used in this setup.✍
أغلقت الصفقة: تم الوصول للهدف
TP1 reached💥💥💥 Please risk-free your position.✍
ملاحظة
Check out my serial analysis on BTC in the caption of this post. Full TP✅💥.
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