Short

🅱️ 8X Lev 300% Potential | Trade-Numbers (Bitcoin)

Updated

➖ Gym goers are familiar with the phrase: No pain, no gain.

➖ Traders are familiar with the motto: Risk is part of the game.

Experienced traders know by a fact that it is not about the number of trades that you win but about managing risks, high probability trade setups and knowing when to exit and when to enter a trade; having a well throughout plan, being conscious of the pros and the cons.

Here you have the full trade-numbers for my Bitcoin SHORT Trade.

(This is not financial advice. These numbers are shared for illustration purposes only).

The numbers below represent "support" and "resistance" levels based on technical analysis.
___
SHORT BTCUSDT

Leverage: 8X

Buy-in: $45,500 - $43,500 | Cp: $44,000

Targets:

1) $41,000
2) $37,500
3) $35,000
4) $32,600
5) $30,000
6) $27,500

Stop-loss: Close daily above $47,500

Potential profits: 300%

Capital allocation: 3%
____

All the information shared on this channel and/or by Alan Santana is intended for educational purposes only and should not be construed as financial advice. Cryptocurrency trading is for adults. Adults are responsible for their own actions. Adults are responsible for all their wins, as well as their losses.

Wishing you tons of profits, success, health, wealth and luck and this year 2024 and beyond.

Namaste.

Trade active

Higher volume today on red candle.
Bearish close = bearish confirmation.

Double down, increase... It will be fast, strong and steep.

TRADE ACTIVE!

Note

This is only the start and things will speed in the coming days.

This is now a high probability trade setup.
Feel free to adapt your lev. (up) in whichever way you see fit.

One final note... The end target can go much lower, I am always conservative with the public charts but it can go to 25,000, 22,000 or even 20,000 on a wick.

This is not financial advice.

Remember to do your own research and planning.

Namaste.

Note

Targets:

1) $41,000 |Hit 13-Jan (+54.56%)
2) $37,500 |Next target
3) $35,000
4) $32,600
5) $30,000
6) $27,500

On the 12th of January Bitcoin found support around $41,300.
While technically speaking our target did not hit yet, we are going to mark it as hit because the next drop will go straight down to target #2 or in that vicinity rather than stopping at #1. This is for your convenience... Let me explain.

Whenever a support level is hit/reached, a pullback normally happens.
Here Bitcoin bounced right before reaching our target, which means that this level has been challenged already and in the case of a lower high, which is what is happening now, the next drop will go beyond 41K.

👉 We now aim for the second target which is in the price range for 37,000 and 39,000.
At one point it will speed up and hit multiple targets at the same time.

Remember to do your own research and planning before trading.
Trading can be highly profitable, you've been warned.

Namaste.

Note

BTCUSD Spot price now have a premium over BTC1! (CME Futures); Futures is now bearish/less expensive than spot.

When the market was bullish it was the contrary, spot was trading lower than future. This is a strong warning.

Traders are now bearish on Bitcoin.

Note

Targets:

1) $41,000 |Hit 18-Jan (+54.56%)
2) $37,500 |Next target
3) $35,000
4) $32,600
5) $30,000
6) $27,500
7) $25,500
8) $23,000

Ok, now we are going to the second target.
I don't think we will stop at 39K but it we do, no problem.

Added the 7th and 8th targets as well.

Plan ahead to maximize profits.

Patience is key.

Thanks a lot for your trust and support.

Namaste.

Note

We are likely to se our second target tomorrow (24-Jan) or after tomorrow (25-Jan)... All targets will hit, please keep this in mind.

The bottom range for this correction goes between twenty two thousand and twenty six thousand... Can go lower on a wick but that is the main support range mid-term (pre-halving).

Maximize profits... Huge opportunities coming up on the Bitcoin pair once the correction ends.

Many Altcoins will detach and move up.

Note

Every time a support level is hit there is a retrace, in this case a "pullback".

Bitcoin dropped a little more than 20% from its 12-Jan high, bouncing off EMA100.

Here we can have a bounce leading towards 44-46K. Can happen lower as well and then the resumption of the bearish trend toward lower prices.

Really high leverage can be nerve wracking...
Low leverage can be normal/good.

No leverage is the easiest...

Some we win, some we lose.

Namaste.

Trade active

Friendly reminder.
Looks like good timing now... Same numbers are good and valid.

Trade closed: stop reached

While we continue bearish on a bigger picture, this trade idea is now closed due to the stop-loss criteria being hit.

AlanSantana

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