AnalysisTopDown's profile picture. Daily Top Down Analysis
(btc/usd chart, bitmex)

AnalysisTopDown

@AnalysisTopDown

Daily Top Down Analysis (btc/usd chart, bitmex)

Sell 10042 Profit target 9843 Stop loss 10210 1.148- 1 (win/loss ratio)


2.1 - 1 (win/loss ratio)


Entered trade. Sell 9655


Missed exact entry, will be cautious with stop loss. BUY 10150 stop loss 9600 Profit Target 12200. 3.7 - 1 (profit/loss ratio)


Target reached. Profit locked in


5.6 - 1 (win/loss rotio)


• 4 hour candle is testing the 0.618 fib level after being rejected at the descending trend line. Could see a breakout or breakdown. Waiting for confirmation


Daily broke below 9950 but formed a hammer candle, currently testing the descending trend line and could be rejected at the 0.618 fib level.


• Weekly candle currently showing support being held on the 0.618 fib level (9914) also sat on top of the 9950 weekly support


Stop loss triggered 9950 holding as support. Bouncing off the daily 0.618 fib level (9908)


4.2 - 1 (win/loss ratio)


Profit target 9420 just above the s1 hourly pivot


Entry below 0.236 fib level (9969). SELL at 9937


Hourly fib retracement to 0.382 (10031) failed with volume to go higher.


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