๐Ÿ“ˆQuick BTCUSDT Setup using Bollinger Band๐Ÿ“‰

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BTCUSDT
BTCUSD

Hello Traders.
  • In this setup, our goal is to enter a buy or sell position based on price movements next to the middle line of the Bollinger band and pitchfork.โœ
  • The price reacted negatively when it first touched this line and is now trying to stabilize above the middle line of the pitchfork.โœ
  • The stabilization of the price above the pitchfork and its crossing of the middle Bollinger line starts the bullish scenario.โœ
  • Otherwise, the downward scenario begins.โœ
  • Tip: The 4-hour trend is still strongly bearish and there is a possibility that the price of Bitcoin will reach $69,000 and then fall again. Keep in mind, along with Bollinger, it is also important to analyze the overall structure of the trend in your timeframe.โœ


Which scenario do you see as the winner in the current structure?๐Ÿ’ฅ

My Structural Analysis: The market will experience a bullish retracement and then return to low support levels.
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๐Ÿ’ฅ
As I mentioned before:
The market will experience a bullish retracement (SWB:69K) and then return to low support levels.โœ
Were you able to use the above analysis and my advice?
Please leave a comment.
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The downside scenario was realized as the previous scenario.๐ŸŽฏ
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Another quick position.๐Ÿ’ฅ
The risk of this position is semi-low. The market volume is calm until Monday and the purpose of this analysis may not be realized quickly.โœ
Stops and targets are specified in the chart.โœ
Bollinger and RSI are used in this setup.โœ
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TP1 reached๐Ÿ’ฅ๐Ÿ’ฅ๐Ÿ’ฅ
Please risk-free your position.โœ
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Check out my serial analysis on BTC in the caption of this post.
Full TPโœ…๐Ÿ’ฅ.
Bitcoin (Cryptocurrency)bitcoinpriceBTCUSDBTCUSDTbtcusdtlongbtcusdtlongsbtcusdtshortbtcusdtshortsMoving AveragesPitchforksSupport and Resistancetradesetup

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