BTC, which way do we go?
Haven't update my BTC idea for a while. I think this is a good time for a post to explain my view at current stage.
As a investor/trader, you always need a plan for 2 outcomes. Either the price follows your plan or not.
As I draw on the chart, in long term I am bullish, thats why my bias towards idea #1 and #2. We have more buy side liquidity above 71900 area and if price reaches there, it will fuel the rocket and go to 80k easily.
#2 will be taking out the sell side liquidity and trap the short seller and reverse.
#3 idea is my bearish case, if price close daily on the 56552 level, I will be looking for retracement and exit at least 50% my holdings.
Overall I strongly believe scenario #1 should be the case.
As a investor/trader, you always need a plan for 2 outcomes. Either the price follows your plan or not.
As I draw on the chart, in long term I am bullish, thats why my bias towards idea #1 and #2. We have more buy side liquidity above 71900 area and if price reaches there, it will fuel the rocket and go to 80k easily.
#2 will be taking out the sell side liquidity and trap the short seller and reverse.
#3 idea is my bearish case, if price close daily on the 56552 level, I will be looking for retracement and exit at least 50% my holdings.
Overall I strongly believe scenario #1 should be the case.
Note
Seems like #2 will be the case
formal education makes a living, self-education makes a fortune!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
formal education makes a living, self-education makes a fortune!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.