Bitcoin Bounce region
I only managed to get 1 of my 3 orders triggered with the last drop. Now, this is what I see happening.
BTC has two ways from here for a bounce trade. The white path on the chart shows a chance of consolidating in the bounce region before seeing 45k - 46k.
The green path on the chart takes BTC from the low made to 45k -
46K regions. This is where I plan to close my 1 position that got triggered. I won't be buying more unless white path occurs with a stop-loss below 37k.
Don't forget, this is only a potential bounce trade I am taking. If Bitcoin breaks below 37k, the white bounce zone on the chart is the next stop.
R₿FTrader
BTC has two ways from here for a bounce trade. The white path on the chart shows a chance of consolidating in the bounce region before seeing 45k - 46k.
The green path on the chart takes BTC from the low made to 45k -
46K regions. This is where I plan to close my 1 position that got triggered. I won't be buying more unless white path occurs with a stop-loss below 37k.Don't forget, this is only a potential bounce trade I am taking. If Bitcoin breaks below 37k, the white bounce zone on the chart is the next stop.
R₿FTrader
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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.
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.