BTC is on the verge of making a historic run breaking the 2000 USD psychological barrier with an expected high in the 2200 USD region before a consolidation back to the 1600 USD region. There is expected to be a huge influx of 'New Money' coming into the Crypto Sphere.
Its look great idea to invest in crypto currency.
I just done background research and its worth look at it once.
supports levels: 770 and 460
Resistance level 1140
After over a year of a bull run and 3 distinctive impulsive waves up
we may be at the top of the ABC correction with the A to B bull trap run at 1000
closed all longs at $1000 from $930 breakout
sitting in neutral position until weekly candle prints
above $1000 could mean more upside
below $1000 I would look for short opportunity and consider going all to fiat...
Bitcoin
CMP - 896
Here, I have drawn the important lines.
Now trade their support, break and retest.
Have a specific strategy of position sizing and stop loss which suits your trading plan.
Personal suggestion - After entering on a signal candle, exit the trade when 2 more candles are formed, the close of it, that is, 2 hours.
Thanks.
Long BTCUSD as prices have been consolidating after a significant fall, current mkt price is below the 20 day simple moving average, and a break of the 609.35 level can lead to somewhat of an upward move
