#BTCtrade Bitcoin (BTC) remains the market leader and often sets the tone for the entire crypto market. Trading BTC effectively requires understanding its volatility, market cycles, and key technical levels.
Current BTC Trade Discussion:
BTC often consolidates before big moves — either to new highs or sharp pullbacks.
Watch for support zones (e.g., previous resistance turned support) and resistance levels (like recent swing highs).
Volume spikes, trendline breaks, and macro news (like Fed rates or ETF flows) can drive rapid movement.
BTC Trade Strategy:
1. Trend-Following Strategy (Swing):
Identify Trend: Use 4H/Daily chart with EMA 50/200 to spot up/downtrend.
Entry: Buy on pullback to key support (e.g., 0.618 fib level or EMA touch).
Stop-Loss: Below recent swing low.
Take-Profit: Previous highs or 1.618 extension.
2. Range-Bound Strategy:
Entry: Long near range support / short near range resistance.
Confirm: Look for price action signals (like hammer candles or bearish engulfing).
Stop-Loss: Just outside the range.
Take-Profit: Mid-range or opposite side of the range.
3. Breakout Strategy:
Entry: Buy the breakout of major resistance with volume confirmation.
Stop-Loss: Below breakout level or consolidation base.
Take-Profit: Based on measured move (height of range added to breakout).
Tools to Use:
RSI/MACD for momentum.
Volume Profile or OBV for strength.
