BTC/USDT - Return to your level. Long

Bitcoin / TetherUSBinance

Description

⋅ May 18, 2020 1:33 PM

I see two scenarios from here.

Scenario One: Break-down the resistance and go up.
Scenario Two: Break-down of the support and move down.

Resistance level is 9950$.
Support level $9450

At 1d timeframe the trend is growing.
At 4h the timeframe trend is growing.
On 1 hour sideways movement

You can see that there are raising lows.
There's a squeeze in the $9950 level.
Waiting for the breakdown scenario.

4H:
tradingview.com/x/Z3NT5YTV/.

1H:

Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!

Trade closed: stop reached

⋅ Jun 2, 2020 8:06 AM

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Comments

XBTCope

⋅ May 19, 2020 3:22 AM

Solid idea on BTC. I think we are going to test this resistance line (9950) again and break through. I looked at your bearish idea on BTC as well, and this could be an ascending wedge. If the resistance holds at 9950 or below, I will be flipping my positions to bearish. Good thoughts though! Definitely following your page

Valeriia_Top

⋅ May 19, 2020 7:37 AM

@XBTCope, Thank you. Great trade.

FkTheGoverment

⋅ May 18, 2020 6:27 PM

Thanks for the idea!

Valeriia_Top

⋅ May 18, 2020 10:06 PM

@timonoordink12345, you welcome