i1s_son

BTC short-term long position Since yesterday, the 29,500 support has collapsed downward, and short-term support is also occurring at the 29,100 support, which is the 0.382 line. (Please refer to the sky blue support zone.) Therefore, you should enter a long position with a stop loss (SL) at the current low of 28,863. However, all long positions must have their first take profit (TP) set to the previous support level, which is 29,500 to 29,600. As the current buying position, both the weekly and daily charts are not looking favorable, and there is still only short-term support with insufficient trading volume. Therefore, it is important to be prepared for the possibility of a crash occurring at 0.5 or 0.618 levels at any time. For long positions, it is necessary to set all take profits (TP) as short as possible. From a bullish perspective, it is not too late to open long positions even after a retest of the 29,500 to 29,600 level has occurred. For additional chart images, you may refer my Korean idea chart images.

BTC long position Currently, there is no support for a rally in the price of the stock. The price has collapsed below the double-top level of 25,800 (with a short-term low around 25,400). Simultaneously, significant trading volume has occurred on timeframes of 1 hour or more. Additionally, a significant lower wick is appearing on timeframes of 1 hour or more. Therefore, considering the current wave that has breached the low point as a bear trap, I am executing a buy order. The price range for buying is set from the current support level, which was previously the February high and a significant resistance level on the higher timeframe(now acting as support), at 25,200, to the current breached double-top level at 25,800. So it is recommended to observe whether the current low at 25,400 further breaches. If it does, execute the buy order. Furthermore, in the event of additional price deviation beyond the set range, it is important to consider the potential further price decline towards the corresponding trend on a logarithmic scale. Therefore, it is strongly recommended to adhere to the Stop Loss (SL) to manage the risk. (25,200) For additional chart images related to my ideas and comments, you may refer to my Korean ideas.

BTC short position I am Korean amateur BTC trader, and i am gonna upload my ideas via English because I just need some reputation points to communicate in Tradingview English Chats. (I have been active just in Korean Chats since i started using Tradingview) I'm just an amateur, and I am still learning this market, but hope my insufficient ideas may help others. I observed that the candle broke through the upper resistance line of the ascending channel, but failed to hold it as support. It has now confirmed a break to the downside. And based on the resistance at 28,500 and the upper resistance trendline (red dashed line), there is a possibility of additional strong buying pressure occurring for the next 1-2 days. So, considering these, I am entering a short position using low leverage and scaling in gradually. Therefore, the stop loss for all shorts will be 'when the 28,500 resist and the upper descending trendline break strongly to the upside on a time frame of 4 hours or more'. GOOD LUCK