So I'm going to start a new daily(or perhaps more often, but at least daily) blog series of my own, where I present a trade opportunity and how to execute it. I've been pretty successful when it comes to day trading, so I figured why not share! Some of these will be my own observations, some will be from others that I've used in the past and trust. These posts will include day trades/swing trades/ and coins I think are undervalued in the short term and very good potential.
I recommend starting with little or no amounts and see if my signals are accurate, then when you see my calls are more profitable than not, go for the large amounts. These posts will be short and sweet usually, skipping the technical analysis I've done as it takes long to upload and explain that content, limiting how many of these picks I can post per day. I believe in time the results will speak for themselves, but you shouldn't trust my or anyone's word blindly, that's why I say start small and let my track record build enough confidence to put larger amounts of money on my calls.
Obviously this is just my personal opinion and not professional financial advise.
Good luck
Now the 1st support zone holds the market and it can be a starting point for a new upward movement. We can spot a double bottom chart pattern which gives us a possible trend reversal signal. This pattern will be realized as a reversal one when the market moves above the previous swing high. If the price breaks the downtrend line and rises above 15000.00 level, we’ll get confirmed trend reversal signal and a new buy opportunity. RSI confirms price reversal from the 1st support zone. MACD supports the upward movement and DMI allows opening long trades. Entry level is 15100.00 with stop below the local swing low at 11500.00 level. Profit targets are 20000.00 and 25000.00 levels. The part of trade can be left for long run. Alternative variant, if the price bounces from the downtrend line, probably we’ll see further downward movement to the 2nd support zone. This zone looks more solid and it’s better for opening long positions. If you don’t use leverage, trading volume for this trade is up to 20% from your deposit.
Market: BTCUSDT
Buy: 15100.00
Stop: 11500.00
Profit Targets: 20000.00 and 25000.00