Next Bitcoin moves
Bitcoin broke out of the low 20K resistances and is approaching 25K. 20.5K is now acting as possible support.
If Bitcoin comes down, it will have support at 20.5K and 16.5K. Both these areas are good enough to enter a long position. Lower time frames - minutes and hour - will confirm when it is nearing.
Long position 1:
I will gladly enter a long position at 20.5K with StopLoss at 20.3K. Take Profits at 21-22K, letting some run while upping SL area. A loss of 20K could see BTC going to 18 or even support levels below that.
Long position 2:
I will enter a long position at 15.5K and 16,5K. Both should be huge support. I will take some profits along the way and letting some run for the long run. Any BTC at 16K ish is worth it for the long run imo.
Short Position 1:
BTC reaching 25K warrants a short. Looking for lower time frames action to see how BTC reacts.
Short position 2:
If BTC goes through 25K and maybe even retests and bounces, it could rocket quickly to 30K. A short at 30K seems good, again check lower time frames. If BTC is hot, taking profits quickly. Even though BTC could go through both 25K and 30K, it should drop at both prices first time it hits, so a short at both places would be logical.
Short position 3:
BTC could go fast from 30K-40K as most people will buy at low 30K and not sell until at least 40K. Shorting at 30 for same reasons as the other shorts.
Drawings show some suggested moves where it will react at these aforementioned price-points. Though dems and other sick elites are trying to wreck our economy, I am bullish on Bitcoin in general/the long run.
Would love likes or comments, with ideas and other scenarios etc.
If Bitcoin comes down, it will have support at 20.5K and 16.5K. Both these areas are good enough to enter a long position. Lower time frames - minutes and hour - will confirm when it is nearing.
Long position 1:
I will gladly enter a long position at 20.5K with StopLoss at 20.3K. Take Profits at 21-22K, letting some run while upping SL area. A loss of 20K could see BTC going to 18 or even support levels below that.
Long position 2:
I will enter a long position at 15.5K and 16,5K. Both should be huge support. I will take some profits along the way and letting some run for the long run. Any BTC at 16K ish is worth it for the long run imo.
Short Position 1:
BTC reaching 25K warrants a short. Looking for lower time frames action to see how BTC reacts.
Short position 2:
If BTC goes through 25K and maybe even retests and bounces, it could rocket quickly to 30K. A short at 30K seems good, again check lower time frames. If BTC is hot, taking profits quickly. Even though BTC could go through both 25K and 30K, it should drop at both prices first time it hits, so a short at both places would be logical.
Short position 3:
BTC could go fast from 30K-40K as most people will buy at low 30K and not sell until at least 40K. Shorting at 30 for same reasons as the other shorts.
Drawings show some suggested moves where it will react at these aforementioned price-points. Though dems and other sick elites are trying to wreck our economy, I am bullish on Bitcoin in general/the long run.
Would love likes or comments, with ideas and other scenarios etc.
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.