Bitcoin thaws out just in time for the first day of Spring
Updated
The first day of Spring is this weekend on Sunday 3/20. Bitcoin 1 day candle just printed at 8pm sitting at R1 appearing to be coiling for a week now. With bullish technical indicators pointing to an upward move towards $47,202 by 3/20 the highest possibility. If movement changed on the dime the most bearish move possible is $31,468. Making a conservative analysis, most likely Bitcoin will be in the 41k-45k range between R1-R3, this upcoming weekend. Short term, Bitcoin has a usual pattern of dipping 2 hours after the 1-day candlestick closes. Here's a 4-split chart 1 week, 1 day, 4 hour and 15 minute. Here's levels on the 1 day chart:
SMA377 = 47,119
SMA233 =48,034
SMA144 = 47,629
breakout = 47,202
R3 = 45,235
R2 = 43,268
R1 = 41,301
pivot = 39,334
S1 = 37,368
S2 = 35,401
S3 = 33,434
breakdown = 31,468
Some strategies:
Scalping
Day trade
Swing trade
Investor
Hodler
Some strategies:
Limit bracket orders buy support levels.
Limit bracket orders sell resistance levels.
DCA buy market order fractions on dip.
DPA sell market order fractions on rip.
Hedge capital allocation with pairs, stable coin, alts, sidelines or weight.
Time based dca averaging.
Time based HODL holding.
Momentum based capital deployment.
Leveraged margin long and/or short.
Alert notification trading on price or volume indicator levels.
Staking for yield.
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
tradingview.com/u/growerik/
SMA377 = 47,119
SMA233 =48,034
SMA144 = 47,629
breakout = 47,202
R3 = 45,235
R2 = 43,268
R1 = 41,301
pivot = 39,334
S1 = 37,368
S2 = 35,401
S3 = 33,434
breakdown = 31,468
Some strategies:
Scalping
Day trade
Swing trade
Investor
Hodler
Some strategies:
Limit bracket orders buy support levels.
Limit bracket orders sell resistance levels.
DCA buy market order fractions on dip.
DPA sell market order fractions on rip.
Hedge capital allocation with pairs, stable coin, alts, sidelines or weight.
Time based dca averaging.
Time based HODL holding.
Momentum based capital deployment.
Leveraged margin long and/or short.
Alert notification trading on price or volume indicator levels.
Staking for yield.
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
tradingview.com/u/growerik/
Comment
3 day candlestick prints tonightComment
1 week candlestick prints Sunday night 3/20Comment
ETC Ethereum Classic is off the hook todayComment
Up it goesComment
It's on like donkey Kong. lolComment
53k is R3 nowComment
Comment
This will take time to marinate. I don't expect something immediately. But many time frames continue to be bullish. I may have to figure out a risk management hedge strategy at these levels. Thinking about an MSTR put hedge. Not sure. Just an idea.
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
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