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Road to past alll time high - BTC/USDT FuturesIn the chart you will see everything detailed and explained. I am very bullish because the indicators are strong and goin, if this trend continues we can see the target getting reached by the end of this week. I entered position for breakout 55 850, but the price fell, currently i still continue with the long position and the target is the past all time high. I am not a professional trader nor financial advisor, please trade with caution and always do your analysis before opening a trade.
Long
by Engindzhan
EUR/CHF 1/29/2021 11:50 (DEMO)EUR/CHF 1/29/2021 11:50 SCALP Fundamental/Sentimental News Events: A lot of smaller events going on, but none that should effect price too much. Regardless, friday volatility is right around the corner. Market Sentiment: Bullish sentiment Technical Time Frame Analysis: Monthly: Buyers breaking out of an uptrend with a building momentum in power Conversely, sellers are showing signs of exhaustion On an uptrend out of a down trend Weekly: Buyers are reaching for higher levels but sellers are stricking back Daily: Price is is acting stronger on the side of buyers, despite not using all thier volume Although price is being pressured by a structural level, that level has been semi-penatrated and price is further inclined to go upwards by the uptrend which sellers struggle to hit indicated by moves to It appears that buyers have an eadge so far on the daily. 4H: Buyers seem to have over extended, price may drop a bit to gather more buyers Structural level and trend seem attractive to price action 1H: Price seens ti ve testing a supporting trendline more strongly that the resisting one indication buuyers are being pushed hard Reason for Trade: Buyers have taken advantage and thrown a large sum of buyering power to create an impulse, indicating they still have power, but ideally, a retrace would be the ideal thing in this situation given the strong structural level, a 61.8, and indication of exhaustion at the 100% with a small HS. Indicators: RSi Looks bullish on everytime frame and even supports a bit more buyers on the 15M for a small window before a drop on the hour Entry Order: 0.05, 5000USD Position: Limit Sell at RR: 3.89
Short
by Mike_McCarthy
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