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Bitcoin Going towards 10K ! Find out the next move of BTC NOTE- Watch My Previous Article if you want to know about Previous TP & SL in BTC Perpetuals Let's move further and analyse the current chart ,so as u guys can see i have plotted some key levels as mentioned below ... A trendline which is acting as resistance ATM A sideways Channel that indicates sideways move on the chart Our Last TP as mentioned in the previous article SCENARIO NO 1- So basically we are moving sideways ATM and we might see a huge red candle on the chart if 1 HR candle closes below our TP of $16463 (that will be our road towards 10k ) SCENARIO NO 2- Here if we break our sideways channel towards upwards direction and somehow if we manage to cross $16878 , and if we break our resistance trendline and 1 HR candle closes above that ,then only we might see a relief rally towards 18,000$ again (less probability if we look at larger timeframe) MY Personal TRADE IDEA - Open a SHORT position at $16463 , and put a SL at $16898 and TP will be 100% ,200%, 300% ...... 1000% in Short term (only for leverage above 20x)
Short
by born2tradecurrencies