Bitcoin. Global game plan from Joe007
2024-10-08

#BTC. Bitcoin. Global game plan.

Here is my supposed scenario of actions for Bitcoin in the medium term.

So, globally, on the daily chart, I will wait for the breakout of the resistance or support level (see the chart). Then I will wait for a retest and if the instrument confirms the breakout and goes higher to 72000 after the retest, I will open a long. If it breaks through the support of 52800 and goes lower after the retest, I will enter a short.

But again, under a certain condition. If the price is above MA200, I will open a long. If below, I will open a short. If there is a short situation but MA200 is above the current price, I will not open the short.

The same with long. If there is a long situation (marked with green) and a retest, but MA200 is below the current price, I will not do anything.

The stop will be set immediately after the level. I will inform you.

For me, it is important to comply with all the conditions
1. Level breakout
2. Retest
3. The price is moving in the direction of the breakout
4. MA200 corresponds to the strategy (long or short)

If the breakout is false, you can turn over. Again, you need to look at MA200.

I know many will not follow my strategy. Many do not have the patience to wait for the ideal entry point. They begin to violate the rules and this leads to losses.

Unfortunately, miracles do not happen. Patience and strict adherence to the plan - the way to success.

If you are interested in this format, I will post the supposed scenario of actions for the hourly chart next time.

Joe007 (t.me)  ✅️