Live Bitcoin (BTCUSD) Trading & Technical Analysis - My Cryptocurrency Trading Strategy

Welcome to my live trading session on Bitcoin (BTCUSD).
Here, I actively trade Crypto, Gold, and Forex, while also sharing valuable insights on trading topics such as risk management, trader psychology, and strategic planning — particularly helpful for beginners looking to build a solid foundation.

Market Overview
On Saturday, BTC/USD reached a high of 111,969 and a low of 110,684, closing with a bullish candle. Last week’s candle was bearish, with a high of 116,061, low of 103,489 and a weekly close at 108,884.

Monthly Behavior: After peaking in August, BTC is in a subtle pullback or consolidation phase in late August / early September.
Yearly Change: Strong performance year-to-date (on the order of +20-30%, depending on entry)
Recent Action: The rally toward $123–$125K saw limited follow-through; price is now oscillating in the $118K–$124K band as buyers and sellers battle for control.

Resistance Levels:
$123K–$125K → upper boundary of recent highs; strong supply area
$130K → next psychological / round-number magnet if momentum returns
$140K+ → extended target in strong bull continuation scenarios (many bullish forecasts point here)

Support Levels:
$120K → immediate floor and psychological anchor
$118K → important short-term threshold
$115K–$116K → deeper support zone, if broader pullback develops
$110K → strong structural base in stress scenarios

Momentum & Chart Patterns:
The prior bull-flag continuation pattern (post-$123K peak) still holds relevance; the break above it triggered the late-August extension attempt.
The 50-day SMA (or equivalent mid-term moving average) is acting as a dynamic support zone close to current levels.
Momentum indicators (RSI, MACD) suggest the recent move may be overextended, implying room for sideways or modest retracement ahead.
On-chain / institutional flows remain supportive: thinning exchange supply and continuing ETF / treasury demand help underpin structure.

A Word for New Traders
If you’re just starting out in Forex trading, your first goal should be capital preservation — protect your money. Once you master that, focus on consistent profit generation. Only after gaining the skill to earn consistently should you aim for larger financial goals, such as wealth-building. Skipping these steps and chasing riches from the start often leads to failure.

The Reality of Forex Trading
Forex is inherently unpredictable — no strategy is 100% foolproof. The pillars of my success lie in disciplined risk management, emotional control, and mental resilience. I may incur losses during a session or a day, but rarely over a week or month. That’s the rhythm of a real trader’s journey, and it’s what makes Forex trading so fascinating.

My Trading Strategy

1. Semi-Automated Trading Approach
Emotions can be a trader’s biggest enemy, especially in volatile markets. To overcome this, I use a hybrid trading method combining manual inputs with my Expert Advisor (EA).
• This EA is designed to identify opportunities in both trending and ranging markets, using real-time fundamentals rather than static technical analysis.
• It places trades in both Buy and Sell directions as per market conditions.
• The EA manages Take Profit (TP), Stop Loss (SL), and Breakeven settings, significantly reducing my manual workload.
• I continuously enhance the EA to adapt and improve its efficiency.

2. Trading Across All Sessions
While trading volume peaks during the New York session and overlaps, I monitor the markets 24/5. Valuable trade opportunities can emerge at any time, so I stay engaged throughout all sessions.

3. Stacking Multiple Entries in the Same Direction
When I identify a solid setup, I open multiple positions with identical Lot Sizes and Stop Losses, but with staggered Take Profits.
• One of these trades may have an open TP to capture extended moves.
• While some SLs may hit consecutively, my overall profits outweigh the losses — this is the core of my profitability model.

4. Using Breakeven After Partial Profit
Once one or two TPs hit, I move the SL of the remaining positions to Breakeven to lock in safety.
• Occasionally, price may retrace to the entry point and stop me out at breakeven before continuing in my favor.
• In such cases, I avoid re-entering in the same direction immediately. I prefer to wait — sometimes for hours — until a valid setup appears in the opposite direction, then I take my next trade.

This approach allows me to remain consistent, controlled, and adaptive — qualities every trader should strive for in this ever-changing market environment.

Disclaimer! All sharing of live BTC, Gold and Forex trading is for learning and educational purposes only and is not a financial advice. Everyone is responsible for his own decisions. However, risk management should be your top priority, as trading is a risky business.
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