Target Zone BTC: 80.500

28. Sept.

BTC: Target zone: 80.500
BTC has the botom line on May.2024 and Aug.2024 are undercuting the bottom of Mar.2024, and the bottom 09.2024 is near the bottom on 05.2024, I think this is positive signal.

What is the price behavior of BTC suggest that the bottom of BTC is defined.

And in the daily chart of BTC, the Head and Shoulder was established and completed by the event of breakout the price zone: 63.900.

Therefore, I think the target zone of BTC is 80.500, corresponding with the upside is 25%

For the trading plan, I think the best price to buy BTC just gone. Therefor we should patient to hold if we just bought BTC and we can add more or buy new position if BTC has a retest near the boundary in the next week.

28. Sept.

Anmerkung

Other the interesting I saw at BTC is the big pattern which BTC is establishing is the double bottom with 2 bottom on Mar and Aug. 2024.

A small Head and Shoulder pattern was completed on today from Jun to Sep.2024.

Therefore I would like to update my BTC trading plan is:

1. The first entry: when the BTC price breakout the neckline of Head & Shoulder Pattern
2. The other new entry: when the BTC move to the price 71.894, corresponding the middle point of the big doulble pattern.

30. Sept.

Anmerkung

On 30.9.2024, I just opened my position for BTC at 64.208, following my plan when the BTC price will retest the neckline and then BTC will go ahead to new high with the target zone is 80.500.

30. Sept.

Anmerkung

I just moved the entry point based on BTC's scenarios will retest the neckline with a hard test is 62.307

If this price is viloated, I think we should waith another chance to play with BTC

30. Sept.

Anmerkung

I just opened my position in H1 chart based on the reverse bar, following my plan

3. Okt.

Trade geschlossen: Stop wurde erreicht

H&S Pattern was distroyed