How should invest on BTCUSD 1hour time frame

in #bitcoin7 years ago (edited)

Hello, Steemians!

I want to share my BTCUSD Technical Anlysis. I think BTC will stronger than USD in future, as you know. But Now, I talk you for short time investor.

Show it. It is BTCUSD daily time frame.

Dailly.png

By the Lower long shadow and Volume Up, Buyer was win.
14160 is the strong Support Zone.
15393 is the strong Resistance Zone.
I think if price will up above 15393, his target must about 17500.

And Show the 4H timeframe.
4H.png

I found again lower long shadow and Volume Up, Buyer was win in this movement.
In 4H , 15393 is the very strong Resistance Zone.
But I think BTC will strong . So, I think this resistance will broken and price will go 17500.

So, To Find the entry we show the 1h timeframe.
1h.png

I really think price will up. So we should buy above 15393 Resistance Level.
My main Option is

Buy Stop ; 15455.45
SL ; 15393
TP ; 17214.

It is the best Entry. But we need to cover the risk. So, See Continious.

1H2.png

I will opent Buy and Sell Entry at 15455.45 to save my risk.
See my last picture.

How do you think about it.

Nyan Htet Shine
MSC = 168
@Myanmar

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Interesting
I will follow you to see your future posts! +upvote

Thanks ..