Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/01/25

Live trades will be called in the latest daily post. Follow me to trade live with me!
Also check out my daily post on Ethereum!

MARKET OVERVIEW

  • Price Action: Bitcoin is stuck consolidating at the 200MAs, even as ETH has broken all time high. Waiting to see if BTC follows ETH or continues to languish.
  • Areas of Interest: The area(s) of interest for us are the lows @ $28850. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time.

TRADES(S) RECAP: LATEST 3 TRADES

  • 2021/ 01 /20: We had a winning trade! We entered short @ $34940 SL @ $35560, price reached a low of $28850, giving us a risk reward ratio of 10:1, meaning if you risked 1BTC on this trade, you could’ve made 10BTC.
  • 2021/ 01 /19: We had a winning trade! We had a signal from a strategy in the testing stage. We entered short @ $36760 SL @ $37150, price reached a low of $36K, giving us a risk reward ratio of 2:1, meaning if you risked 1BTC on this trade, you could’ve made 2BTC.
  • 2021/ 01 /15: We had a winning trade! We entered long @ $38470 SL @ $37770, price reached a high of $38780, giving us a risk reward ratio of 0.5:1, meaning if you risked 1BTC on this trade, you could’ve made 0.5BTC. This is our smallest win so far, but a win is a win, and this is the first step on our road back to profitable trades.

TRADE SETUPS
Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal.

Long Trade Setup #1: False Breakdown
To open a long position, we are waiting for price to break above the horizontal support and then recover.
1. Price Action: Price breaks below the then rapidly climbs above $28850, forming a bear trap
2. Trade Entry Confirmations: A breakdown candlestick  followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming

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  • Daily analysis on the latest market movements and price zones for high probability trade setups.
  • Live trade signals so that you can take the same trades that I am taking.
  • A great place to help each other, learn from each other, and grow together.
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  • Constantly testing and adding new trading strategies and refining battle-tested ones.

About Me

  • I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
  • I have worked on Wall Street trading bonds, stocks, and options.
  • I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals.
  • I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity.
  • I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.

DISCLAIMER: I’M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR.

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