With additional reversal signals for BTC - we started with a long position.
So far, the overall impression is that the decline is either already finished or there will be one final impulse, on which we can improve our entry point in case of a selling climax.
Locally, we entered a position on attempts to start working off the pG and P with a target around $114,300. However, the trigger in the deal was not so much the preservation of the uptrend on the 5-minute timeframe and the local pattern, but rather the situation with potential low marks:
- we started working on the low mark on the 45-minute timeframe,
- on the hourly timeframe, there is one potential low mark and a reversal from it, with an "Evening Star" pattern present,
- in 30 minutes, the third candle with a potential low mark on the 1.5-hour timeframe will close,
- there is the first mark on the 3-hour timeframe,
- the first mark on the 8-hour timeframe is maintained, and the EMA 200 of the 8-hour timeframe is also held.
We are still waiting for how the daily candle will close; for now, it is below the EMA 50 of this timeframe. However, our working hypothesis is that a stable uptrend on the daily timeframe will be maintained, and tomorrow we may see a recovery above the EMA 50 of the daily timeframe. But even if the price falls into a downtrend (there are still 2 hours until the daily candle closes) - we expect a reasonable bounce that would allow us to place a stop in a positive breakeven.
Overall, we consider the scenario of a low update and reversal as normal, in which case, within the next 8 hours. We would even like to have such an opportunity. We are ready to buy more on the decline. Our copyists see that the entry into the trade is again partial.
Our #futures_trade looks like this right now:
- #Binance: long with 30 leverage from the level of $113,500.00, potential liquidation level $110,214.27.
- Exchange No. 1: long with 30 leverage from the level of $113,363.20, potential liquidation level $110,301.80.
- Exchange No. 2: long with 125 leverage and additional liquidity from the level of $113,481.0, potential liquidation level $110,362.2.
This is a repeat attempt to take the long movement; the first ended with a positive breakeven.
