Updated

Bitcoin (BTC/XBT) Daily Long&Short Trade Setups 2021/02/03

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: As ETH broke out to new all time highs, BTC also moved slightly higher from the 200MAs and is now testing the 61.8Fib @ $36.1K
Patterns: N/A
Areas of Interest: The area(s) of interest for us are the 200MAs @ $34.4-34.7K. 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.

Trade Setups
Below are the potential trade setups that I would be interested in trading. Once price reaches one of these zones, I will monitor closely and post a trade signal if we get a high probability trade setup.

Long Trade Setup #1: Retest and Continuation (200MAs)
1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $34.4-34.7K by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming

Recent Trades

2021/ 01 /31: We had a winning trade! We entered long @ $33654 SL @ $33292, price reached a high of $34220, giving us a risk reward ratio of 1.6:1, meaning if you risked 1BTC on this trade, you could've made 1.6BTC.
2021/ 01 /29: We had a winning trade! We entered short @ $37.2K SL @ $38150, price reached a low of $33500, giving us a risk reward ratio of 3.9:1, meaning if you risked 1BTC on this trade, you could've made 3.9BTC.
2021/ 01 /28: We had a losing trade! We entered short @ $31100 SL @ $31427, and we hit stop loss.

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.

Why Follow Me

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.
Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials
Constantly testing and adding new trading strategies and refining battle-tested ones.

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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Note

No trade setup at 61.8 Fib. Now looking at channel.

Note

looks like it wants to test the highs @38.5K, lets see.

cryptotraderog

Telegram Community: t.me/joinchat/RbV9ZyWrlQiKOhCw

Youtube Video Analysis: youtube.com/channel/UCPwR8Rv2YVI7qZIhedX7pQw

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Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/02/03

by cryptotraderog

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cryptotraderog

Telegram Community: t.me/joinchat/RbV9ZyWrlQiKOhCw

Youtube Video Analysis: youtube.com/channel/UCPwR8Rv2YVI7qZIhedX7pQw