Bitcoin: Bounces after morning sell off - juicy day trade??

2021年2月3日

Bitcoin opened around 35500 this morning and rallied in early morning trade leading up to the European Open achieving a new daily high of 36871 it retested that high about two hours later and since then we retraced all the way back to close to this morning's open, I'm seeing a juicy long trade opportunity as it goes back to retest the intraday highs in the next couple of hours.

Trade Idea: Long Bitcoin.

Intraday Target: 36700 +

Entry above support at 36100 - 36 200
Stop-loss levels 35800 - 35900
Protect profit from 36150 to 36500
If breaks above 36600 may fly up to retest 36750 - intraday high
Alternatively take profit and rebuy the retracement to previous support levels.

I hope you enjoyed this idea.

2021年2月3日

注释

Support holding at 36000
Trade entry triggered

2021年2月3日

交易开始

Entry Levels reached

2021年2月3日

注释

Moving up sharply. Adjust SL accordingly

2021年2月3日

交易结束：到达止损

2021年2月3日

交易开始

Trade has been re-validated. Entry was too early, now opportunity to enter at a better level and make a previous loss. It was a shake out.

2021年2月3日

注释

Take some profit

2021年2月3日

交易结束：到达目标

Great wave trade.

2021年2月3日

注释

Wait for a retracement below 36 181 to look for the next long setup to the next potential intraday high

2021年2月3日

交易开始

Is bouncing off 36 181
Re-entry long at the break of 36250 -36285
SL 36099
TP 36350 - 36447

2021年2月3日

注释

36181 holding firm as support. Expecting break up towards around 36376 level, next potential resistance

2021年2月3日

交易结束：到达止损

Spike down - shake out

2021年2月3日

交易开始

Damn spikes s. re-enter again at 36123

2021年2月3日

交易结束：到达目标

2021年2月3日

注释

Original trade idea played out as per video. I traded multiple times, overall very successful. BTC has reached close to the day highs.