BTC12H Long Trigger UPDATE: Targeting ATH, seeing from there
2025-01-17
Category: None

BTC Long Trigger Update

Entry Setup:
I am currently focusing on a potential entry between 95k–96.5k, setting a tight stop-loss at 94.2k to manage risk effectively. If the price dips below this area but quickly reclaims it, I will treat this as a fakeout and look to re-enter on confirmation of strength. This reclaim would signal that buyers are defending the level, aligning with the bullish thesis. 

Demand Zone Outlook:
Although there is a possibility that we may revisit the demand zone highlighted in my previous BTC analysis, the 200 EMA continues to rise, gradually catching up with the price action. The longer and higher BTC holds above this EMA, the shallower the pullback into the demand zone is likely to be. 

That being said, my focus remains on actionable entries rather than predicting long-term moves. I’m adapting to the evolving structure while being ready to execute at optimal levels.

Trade Strategy:
Entry Zone: ideally DCA into the 95k area
Stop-Loss: 94.2
Leverage: 10x for a  approx +15% targeted move to the upside ; 1% downside 

First Take Profit (TP):
I will target the all-time high (ATH) for my first TP, as the current structure suggests strong momentum could push BTC higher. Depending on how the price reacts, I will cut it off or add to it.

Market Context:
The market has shown resilience, with BTC hovering firmly above key levels. However, given the high volatility expected in the coming sessions, I am maintaining a disciplined entry plan. If the price action aligns with my conditions, this trade will offer a favorable risk-to-reward ratio.

This setup reflects my confidence in the strength of the overall market, but it also accounts for potential downside scenarios. As always, execution will depend on confirmation of my triggers, ensuring I remain aligned with the current market dynamics.