Which of these BTC Scenarios will play out in few hours?
I still think we will be retesting at least the 56K - 54K area before breaking the 60k again. If ever we breakout during the weekend, we won't see the higher targets.
As of now, I have planned to enter a long position if BTC breaks $60,200 and short if it retracts $57,775. While BTC is flexing between 57.7K and 60.2K, We cannot predict the direction of the trend and I wouldn't enter any big positions at this time.
Just my opinion. Still in the learning process. Feel free to disagree/ correct me.
"PLAN" before you enter a trade. Don't enter coz of FOMO! Do your own research and plan your strategy. Set your Stop Loss and Remember, "There is always another Trade"
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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.