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Bitcoin trading calls

  • #1,741
  • Jun 27, 7:22am (7 hr ago) Jun 27, 7:22am (7 hr ago)
Quoting FxMohblacc
{image}{image}{quote} This is the methodology I use now it’s effective and efficient, it could take some time.
Thanks for the chart of the methodology
Can you provide a past example of how you followed this? Like Toboso01 does do you write you thinking down?
If you do please post.
If you think you can or cannot do it you are correct
  • #1,742
  • Jun 27, 7:25am (7 hr ago) Jun 27, 7:25am (7 hr ago)
Quoting Olu
{quote} Thanks for the chart of the methodology Can you provide a past example of how you followed this? Like Toboso01 does do you write you thinking down? If you do please post.
Thanks for the write up above. I was requesting the same only to see that you have provided it
Thanks a million.
If you think you can or cannot do it you are correct
  • #1,743
  • Edited 8:09am Jun 27, 7:50am (7 hr ago) | Edited 8:09am
I am currently in a long position based on the following criteria: Price rejected $59,000 three times and cleanly broke above my blue downtrend line. Additionally, a strong bullish momentum candle breached the Daily Open (DO). Price is now trading above both the Previous Day Pivot (PDP) and today's Pivot (DP), signaling a potential reversal as buyers step back in.
If this structural shift holds true, the daily BTC chart could be at the beginning of a major macro W-formation, potentially sparking an impulsive move toward the neckline over the coming week.

  1. The Immediate Challenge: Next week's daily candles must reclaim the Previous Week Open (PWO) and secure a clean close above it.
  2. Invalidation Risk: If a candle closes below the DP (~$59,866), my buy order will be in serious danger, as price could easily slide back down to retest the lows.
  3. Keep in mind, it's still a high-risk counter-trend trade.

Targets: TP1: ~$60,850 | TP2: ~$61,200 | TP3: ~$61,800

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  • #1,744
  • Edited 9:00am Jun 27, 8:46am (6 hr ago) | Edited 9:00am
Quoting Toboso01
I am currently in a long position based on the following criteria...
Considering longs as well - short term though Toboso01. No positions yet.
Price is out of the wedge and the exit was uneventful - but it broke to the upside which is something (chart 1)
My EW idea on the daily chart supports some tradable upmove before downside to new lows below even 58k (chart 2)
In EW parlance price going above 63.2k says this idea is wrong and a sizeable upside is possible.
Chart 3 is just highlighting that the upmove off the lows (lower box) is not impulsive and is likely price taking a breather.
The longer box is the room to trade upwards before my EW idea is toast.
If price smells around the top of the box I will try a short looking for new lows
EDIT:
Added another chart. Daily chart of the 3rd chart for better perspective
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If you think you can or cannot do it you are correct
  • #1,745
  • Jun 27, 9:19am (5 hr ago) Jun 27, 9:19am (5 hr ago)
My EW musings (cont.)
If a move is truly a 3rd wave the wave 4 has a relationship with its length as a retracement:

Wave 4 retracement: Wave 4 usually retraces part of wave 3's gain, often between 23.6% and 38.2% of wave 3's length.
(copied)

I have added Fibs to the wave 3 move down.
These mentioned fibs are on the chart.
The red line is the wave 1 low.
Another EW rule is that wave 4 should not get into the territory of wave 1
If my idea is correct then that red line should not be touched in this upmove
And a move down should go down to new lows
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If you think you can or cannot do it you are correct
  • #1,746
  • Jun 27, 12:35pm (2 hr 37 min ago) Jun 27, 12:35pm (2 hr 37 min ago)
Quoting PatienceFx
{quote} i have seen BTC @ $0.09
how much worth will you be buying when it gets to that price?
  • #1,747
  • Jun 27, 12:39pm (2 hr 33 min ago) Jun 27, 12:39pm (2 hr 33 min ago)
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Quoting Olu
My EW musings (cont.) If a move is truly a 3rd wave the wave 4 has a relationship with its length as a retracement: Wave 4 retracement: Wave 4 usually retraces part of wave 3's gain, often between 23.6% and 38.2% of wave 3's length. (copied) I have added Fibs to the...
thanks,Olu for your feedback. However, this my Algorithm called (ZEUS 2.0) where the methodology was derived from

https://www.tradingview.com/x/agE18F1o
  • #1,748
  • Jun 27, 1:31pm (1 hr 41 min ago) Jun 27, 1:31pm (1 hr 41 min ago)
Quoting FxMohblacc
{image}{quote} thanks,Olu for your feedback. However, this my Algorithm called (ZEUS 2.0) where the methodology was derived from https://www.tradingview.com/x/agE18F1o
Hi FxMohblacc,
Thanks for you post. I like your chart. I tend to like systems that do not leave people indecisive. you chart has a lot of signals on it. Nice one.
Care to say more about it?
What is Zeus 2.0 saying now?
If you think you can or cannot do it you are correct
  • #1,749
  • Last Post: Jun 27, 2:33pm (39 min ago) Jun 27, 2:33pm (39 min ago)
Sorry for that i am not sharing this trade
after 2 months i trade in btc
and heres my trade, scalp
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mannnnan
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