btc buying and selling point buying S1: $58,400 S2: $56,3 | Amjad Iqbal on Binance Square

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btc buying and selling point 
buying 
S1: $58,400
S2: $56,350
S3: $52,000
selling 
R1: $64,500
R2: $66,700
R3: $69,200

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futures trading with BTC and ETH is interesting. Hedge strategy Strategy Overview Initial Setup: BTC: Short position with 5x leverage. ETH: Long position with 5x leverage. Capital Allocation: 50% for BTC and 50% for ETH. For Exemple BTC: Start shorting at $59k. Add to your position at $65k, $70k, and $75k.ETH: Start longing at $2500. Add to your position at $2300, $2200, and $2100.Risk Management:Stop-Loss: Set a stop-loss for BTC at $78k and for ETH at $2000 to limit potential losses.Take-Profit: Set take-profit levels for BTC at $50k and for ETH at $2800.Position Sizing:BTC: Use 5% of your total investment for each entry point.ETH: Use 5% of your total investment for each entry point.Monitoring and Adjustments:Regularly monitor the market and adjust your stop-loss and take-profit levels based on market conditions.Be prepared to close positions if the market shows signs of extreme volatility.Detailed StepsBTC Short Strategy:Initial Short: Open a short position at $59k with 5% of your capital.Add to Position: If BTC rises to $65k, add another 5%. Repeat at $70k and $75k.Profit Taking: If BTC drops to $50k, close your position to take profits.ETH Long Strategy:Initial Long: Open a long position at $2500 with 5% of your capital.Add to Position: If ETH drops to $2300, add another 5%. Repeat at $2200 and $2100.Profit Taking: If ETH rises to $2800, close your position to take profits.Risk Management TipsDiversification: While focusing on BTC and ETH, consider diversifying a small portion of your portfolio into other assets to spread risk.Leverage: Be cautious with leverage. While it can amplify gains, it also increases the risk of significant losses.Market Analysis: Stay updated with market news and trends. Use technical and fundamental analysis to make informed decisions.Final ThoughtsNo strategy can guarantee no losses, but by carefully managing your positions and being prepared for market fluctuations, you can increase your chances of success. Always be ready to adapt your strategy based on market conditions and your risk tolerance.

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### Bitcoin Price Analysis: Key Resistance Levels and Future Projections Bitcoin has broken its important resistance level of $60k to $62k and is now trading between $66k to $68k. If it breaks this range, the next move should be to $70k to $72k. If it surpasses this, Bitcoin is expected to trade in the range of $75k to $79k. Otherwise, the price might return to $58k to $60k, potentially moving towards $52k. Before the end of September, Bitcoin could see another correction. However, the end of 2024 to 2025 is projected to be bullish years.

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**BTC and Ethereum Key Levels for Potential Trades** As a seasoned trader, it's crucial to have a well-defined strategy when it comes to support and resistance levels for Bitcoin (BTC) and Ethereum (ETH). Here are the critical levels I'm watching closely: ### Bitcoin (BTC) Support and Resistance Levels: **Buying Levels:** 1. **$55,500** - This level has shown strong support in recent trading sessions, and it could be a strategic entry point if the market dips. 2. **$53,500** - Another key support level, indicating potential buying interest from investors looking to capitalize on lower prices. 3. **$50,500** - If the price drops to this level, it represents a significant buying opportunity, considering historical price action and support zones. **Selling Levels:** 1. **$61,000** - This resistance level has been tested multiple times and could be a strategic point to take profits. 2. **$64,000** - A higher resistance level where selling pressure might increase, making it an ideal point for offloading some positions. 3. **$67,000** - This is a critical resistance level, and breaking through it could signal a bullish run, but it also serves as a key profit-taking zone. ### Ethereum (ETH) Important Levels: **Buying Levels:** 1. **$3,000** - This psychological and technical support level could offer a solid entry point. 2. **$2,820** - A crucial support level where significant buying interest might emerge. - If ETH breaks below $2,820, the next critical level to watch is **$2,550**, which could act as a strong support. **Selling Points:** 1. *$3,350* - A tested resistance level where selling could be prudent. 2. **$3,650** - A higher resistance level which has historically seen selling pressure # Strategy: For BTC, consider entering positions around the buying levels and look to take profits as it approaches the selling levels. Similarly, for ETH, buying around the support levels and selling near the resistance points can be a sound strategy. Monitoring these levels allows for strategic entry and exit points, aiming to maximize profits while managing risks

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Paired Long/Short Strategy with BTC and ETH

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Terra Classic (LUNC): A Strategic Buy Opportunity Current Market Overview: Terra Classic (LUNC) is currently trading at $0.00007, which is near its all-time bottom of $0.00005001. This presents a potential buying opportunity for investors looking to capitalize on its price movements. The all-time high for LUNC was $0.0002800, indicating significant upside potential if the market conditions turn favorable1. Why Now Might Be a Good Time to Buy: Near All-Time Bottom: LUNC trading close to its historical low, the downside risk is relatively limited compared to its potential upside. Potential for Rebound: Historically, assets that approach their all-time lows often see a rebound as investors buy in at perceived bargain prices. Market Sentiment: The overall sentiment in the crypto market can shift quickly, and being positioned at a low entry point can be advantageous. Price Action Plan: Entry Point: Consider buying LUNC at the current price of $0.00007. This level is close to the all-time bottom, providing a favorable risk-reward ratio. Target Levels: Set your initial target at $0.0001400, which is double the current price, for a potential 100% gain. For a more aggressive target, aim for $0.0002800, the previous all-time high, which could yield a significant return. Stop-Loss: To manage risk, place a stop-loss order slightly below the all-time bottom, around $0.0000450. This helps protect your investment if the price continues to decline. Investment Strategy: Diversification: While LUNC presents an attractive opportunity, ensure your portfolio is diversified to mitigate risks. Regular Monitoring: Keep an eye on market trends and news that could impact LUNC’s price. Adjust your strategy accordingly. Long-Term Perspective: Consider holding a portion of your investment for the long term, as the crypto market can be highly volatile in the short term. Conclusion: Investing in Terra Classic (LUNC) at its current price could be a strategic move, given its proximity to the all-time bottom and the potential for significant gains. it's not financial advice Happy trading!

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