Bitcoin Setup: Long Entry Around $115-116K Area | 5:1 R/R Trade
📊 If price drops into the white boxed area, I'm looking for a long entry.
But… there's a chance we sweep the lows near $115,555 first before moving up — so avoid blind limit buys. I'll wait for a reaction at the yellow line before entering.
🎯 I'm expecting price to hunt for liquidity around the white box area — essentially targeting stop losses from less experienced traders — before making its move higher.
This isn't necessarily based on strict technical logic, but rather from years of trading experience watching how these patterns typically unfold.
⚠️ **Setup is invalid if:**
• Move happens before this week's weekly candle closes
• Price breaks below the white box
• Price pumps without returning to the box
🚀 If we get this move early next week, I'm targeting at least the blue circled zone.
ATH is possible, but conservatively I'll take profits there.
📈 This trade setup offers a risk-to-reward ratio of 5:1. Without including fees, the breakeven win rate for this trade would be approximately 16.67%.
Knowing these figures in advance helps me avoid emotional trading.
💡 If you often find yourself trading based on emotions, I recommend doing this type of pre-planning and quantifying your setups before execution — it can be a simple yet highly effective improvement.
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**Trading is simple.** You don't need multiple indicators or dozens of lines on your chart. A clean and simple chart often works best — it keeps your decisions consistent and reduces uncertainty.
Sure, it might not look flashy, and my analysis may seem a bit "plain" compared to others… but that's how I like it.
If you find this analysis useful, feel free to follow me for more updates.
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*Disclaimer: This post is for general informational and educational purposes only. It does not constitute financial advice, investment recommendation, or a service targeting specific investors, and should not be considered illegal or restricted information in any jurisdiction.*
But… there's a chance we sweep the lows near $115,555 first before moving up — so avoid blind limit buys. I'll wait for a reaction at the yellow line before entering.
🎯 I'm expecting price to hunt for liquidity around the white box area — essentially targeting stop losses from less experienced traders — before making its move higher.
This isn't necessarily based on strict technical logic, but rather from years of trading experience watching how these patterns typically unfold.
⚠️ **Setup is invalid if:**
• Move happens before this week's weekly candle closes
• Price breaks below the white box
• Price pumps without returning to the box
🚀 If we get this move early next week, I'm targeting at least the blue circled zone.
ATH is possible, but conservatively I'll take profits there.
📈 This trade setup offers a risk-to-reward ratio of 5:1. Without including fees, the breakeven win rate for this trade would be approximately 16.67%.
Knowing these figures in advance helps me avoid emotional trading.
💡 If you often find yourself trading based on emotions, I recommend doing this type of pre-planning and quantifying your setups before execution — it can be a simple yet highly effective improvement.
---
**Trading is simple.** You don't need multiple indicators or dozens of lines on your chart. A clean and simple chart often works best — it keeps your decisions consistent and reduces uncertainty.
Sure, it might not look flashy, and my analysis may seem a bit "plain" compared to others… but that's how I like it.
If you find this analysis useful, feel free to follow me for more updates.
---
*Disclaimer: This post is for general informational and educational purposes only. It does not constitute financial advice, investment recommendation, or a service targeting specific investors, and should not be considered illegal or restricted information in any jurisdiction.*
Nota
By the way, I think there's a possibility it could fall to $105,000 after rising to around $120,500.Nota
Not better to entry yet.Orden cancelada
The risk-reward ratio seems like it will be worse than expected, so I won't enter. This idea has been invalidated.Nota
The atmosphere suggests it looks like it will fall to 111,800.If that's the case, I think I could short once when it comes back up. Basically, shorting is contrarian so I don't prioritize it much.
Nota
It looks like it will hold for now, but I feel like it probably can only recover to around 119,500.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.