FXPRO_AF

$BTC is pump 4% ($4,200) after my prediction, My prediction was that Bitcoin will pump and Bitcoin did pump, there are still some scenarios that can tell us whether Bitcoin will go up or down, there was an ultra high volume selling climax on September 22nd on H4 timeframe and my prediction is that if momentum candle breaks the selling climax with low volume then the $120,000 target is confirmed.
What is Selling Climax:
The selling climax is a setup of volume spread analysis (VSA) that we trade, We observe this by drawing a horizontal line on the upper body of the selling climax and if a proper momentum candle with low volume break above it, then we take a long trade. I believe it will break the upper side of the selling climax and if it does, you can buy and go long on the retracement. I will tell you the entry zone.
What is Momentum Candle?
First of all we learn Momentum Candle, Momentum is show the real movement means momentum candle tell us the real direction. For identifying Momentum Candle here's detail explainations.
• First of all, if you are looking a bullish momentum candle, the color should be green and there should be no wick at the top of green candle. If there is a wick on the bottom, then it's okay. If there is a small wick at the top, then that is also a momentum candle, means if there at the top come wick of 10-20% size of green candle so it's is also okay.
✨For bearish momentum candle comment now
So you learn Momentum candle now its time to learn Low volume momentum candle, I think it is very easy to learn for you, the green momentum candle volume should be smaller than the red high volume occured between where the range start.
Now you learn Momentum candle so we use this strategy for range breakout when my these rules completed upside then we open long trade.
💥Some Zones For Buying:
When the setup of selling climax is complete then only you have to trade this zone otherwise if you trade on it now then it will not work.
1. Fair Value Gap at $113,200
2. Fair Value Gap at $111,200
3. Order Block+Fair value gap at $110,000
Now you must be wondering at which zone to buy. I have already told you in many articles that you have to cut the trade after taking your profit of 0.5-1% from the zones. You should not expect a move of 10-15% and you can also breakeven the trade at 1:1, And you can trade in these three zones, cut the trade after taking your 1:1 or 0.5-1% target from each zone.🎯 If you are taking a trade with 20x Leverage this will be 100% gain which is very impressive🚀
🛑SL:
Stoploss you can set to the low of last swing, means definite low 🔅
I hope you liked my analysis, if you have any questions and doubt so tell me in the comment 🔉
#BTC #BTC走势分析 #SameerAbbas