BYBIT:BTCUSD
12H trend chart
-
We keep analyzing the possible trend of BTC through methods below.
1. Descending wedge pattern/M pattern
2. long-term support area
3. Vegas tunnel strategy
-
From our previous analysis, we used 4H trend to find the good buying opportunity with Vegas, but it hasn't met the condition in 4H.
However, in 12H time frame, BTC is meeting the Vegas tunnel strategy right now.
That means it fell to 144/169ema then rallied back to 12ema rapidly.
Now we need to observe it, if it can keep here(above 12ema) until the end of this 12H candle closure, it would be a nice timing for entry.
-
Trading Strategy
Profit targets:
a) 59393~61999----Fib(1.272~1.382)--->Already Hit!
b) 67590----Fib(1.618)--->Already Hit!
c) 76640----Fib(2)
Anyway, never forget to control your risk
-
Let's see where BTC can bring us to!
-
If you like this analysis, smash the "like button" and leave a comment below to share your thousghts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
12H trend chart
-
We keep analyzing the possible trend of BTC through methods below.
1. Descending wedge pattern/M pattern
2. long-term support area
3. Vegas tunnel strategy
From our previous analysis, we used 4H trend to find the good buying opportunity with Vegas, but it hasn't met the condition in 4H.
However, in 12H time frame, BTC is meeting the Vegas tunnel strategy right now.
That means it fell to 144/169ema then rallied back to 12ema rapidly.
Now we need to observe it, if it can keep here(above 12ema) until the end of this 12H candle closure, it would be a nice timing for entry.
-
Trading Strategy
Profit targets:
a) 59393~61999----Fib(1.272~1.382)--->Already Hit!
b) 67590----Fib(1.618)--->Already Hit!
c) 76640----Fib(2)
Anyway, never forget to control your risk
-
Let's see where BTC can bring us to!
-
If you like this analysis, smash the "like button" and leave a comment below to share your thousghts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
BTC met the Vegas tunnel trading strategy in 12H time frame, let's see it can break out the downtrend line which is formed from Nov 9th or not.