Hi,
I would like to point out a few strongest areas between 44k to 50k. The price has been in this range for around a week. Some ups and downs, an attempt to break 50k, atm it held but in general, bullishness is in the market.
These movements have printed some price levels which are clearly visible, and as you know KISS (keep it simple stupid) works the best ;)
The biggest/entire consolidation range stays between 44 and 48k. Inside of the prementioned area, the price of Bitcoin has printed also quite a solid area and it stays around 46,7k (middle thin light-blue line).
So, my recommendations are: wait for a breakout from shown areas. Breakout gets confirmed after the 1H candle close, even better if the 1h and 4h candle makes a breakout simultaneously. Avoid any bigger wicks against the breakout direction and you should be ready to take a trade.
Bullish breakout: strong 1-hour candle close above 48,8k. Target ~$53k
Bearish breakout I: 1-hour candle close below 46,3k. Target 44k and possibly 40k
Do not forget to hit the like, if you found something interesting ;)
Regards,
Vaido
I would like to point out a few strongest areas between 44k to 50k. The price has been in this range for around a week. Some ups and downs, an attempt to break 50k, atm it held but in general, bullishness is in the market.
These movements have printed some price levels which are clearly visible, and as you know KISS (keep it simple stupid) works the best ;)
The biggest/entire consolidation range stays between 44 and 48k. Inside of the prementioned area, the price of Bitcoin has printed also quite a solid area and it stays around 46,7k (middle thin light-blue line).
So, my recommendations are: wait for a breakout from shown areas. Breakout gets confirmed after the 1H candle close, even better if the 1h and 4h candle makes a breakout simultaneously. Avoid any bigger wicks against the breakout direction and you should be ready to take a trade.
Bullish breakout: strong 1-hour candle close above 48,8k. Target ~$53k
Bearish breakout I: 1-hour candle close below 46,3k. Target 44k and possibly 40k
Do not forget to hit the like, if you found something interesting ;)
Regards,
Vaido
Trade active
Comment:
Bullish breakout
Trade closed: target reached:
Breakout, retest, and target reached!
