Trade of the day August 31st - Bitcoin BTC
Reasons of Placing the Trade:
Strong Demand Level
Oversold RSI with divergence
Slight Volume Increase
Multiple attempts at the demand level
Setup:
Stop Loss: 30000 pips or 300.0$ per unit @9,200.00
Take Profit 1: 140000 pips or 1400.0$ per unit @11,000.00
Take Profit 2: 250000 pips or 2500.0$ per unit @12,000.0
Reward: 4:1 and 8:1
Strong Demand Level
Oversold RSI with divergence
Slight Volume Increase
Multiple attempts at the demand level
Setup:
Stop Loss: 30000 pips or 300.0$ per unit @9,200.00
Take Profit 1: 140000 pips or 1400.0$ per unit @11,000.00
Take Profit 2: 250000 pips or 2500.0$ per unit @12,000.0
Reward: 4:1 and 8:1
Kommentar:
2:1 reward reached :)
Kommentar:
4:1 reward reached
Kommentar:
Pullback after the first target nearly reached (supply zone)
Kommentar:
Target 1 reached (4:1 reward)
Kommentar:
Rejection at target 2, bearish pressure
Kommentar:
2 Billion dollars worth of bitcoin lost in Mt Gox hack plumbed the trading volume to 83.3% less. Bitcoin follows a triangle scheme with a strong support, with upside opportunities when the stolen units will be recovered as claimed.
Kommentar:
The average daily traded volume is back to normal, illustrated by aggressive sellers pushing prices lower due to the recent 2 Billion dollars worth of Bitcoin loss. The Support level has been a magnet for a while, and presents an excellent opportunity to buy, aiming 10 - 11 and 13k$ per coin levels.
Kommentar:
Investment Opportunity of Bitcoin - Bearish Pressure will pull back prices around 7000.0 (-30% from now) and then by 2023 the cryptocurrency will reach 100000.0 (+1000%)!
Kommentar:
correct image
