BitcoinUpdated BITCOIN SIDEWAYS AND STRATEGY
Hello dear friends. Today we can discuss strategy on BTC-USD, thank you for placing Like on this post 💖.
SInce last 2 days price in the boring sideways action. Once price reached the Strong Resistance area, and dumped very fast... At the moment I am expecing some retracing of the price down to support zone at 4800, here is why:
I see Ascending Line and price might go up from it again, but you know sometimes market is not this predictable and might fall off below the line to revisit 4200 -- important (IMO) support zone and show bullish divergence on RSI.
To summ up, I want to say this move may take few weeks to develop, and I am accept it. Going to stack mid-term long-position in support zone, I set buy orders down to 3000$ as insurance. No leverage there.
Please, write in comment your opinion, where the price will go in next 7 days, what is your target? 🗯
Save this idea to your bookmarks to analyse it in the future.
SInce last 2 days price in the boring sideways action. Once price reached the Strong Resistance area, and dumped very fast... At the moment I am expecing some retracing of the price down to support zone at 4800, here is why:
I see Ascending Line and price might go up from it again, but you know sometimes market is not this predictable and might fall off below the line to revisit 4200 -- important (IMO) support zone and show bullish divergence on RSI.
- In short-term we can use support line as scalp entry as showed by the arrows on chart.
To summ up, I want to say this move may take few weeks to develop, and I am accept it. Going to stack mid-term long-position in support zone, I set buy orders down to 3000$ as insurance. No leverage there.
Please, write in comment your opinion, where the price will go in next 7 days, what is your target? 🗯
Save this idea to your bookmarks to analyse it in the future.
Note
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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.