BTCUSD: Xmas bullrun
Updated
Hello guys and gerlz, today I will speak about BTC.
After prolonged consolidation 7040-7230 BTC has finally broke out and hit not only one resistance but two.
The first resistance 7230 is the range's high, the second resistance is 7450 which is also a significant HTF resistance.
Price provided beautifull sell set-up when H1 bar closed respectful of the 7230 level. That also provided SFP of the range high so many traders including myself did go for that short opportunity. It didn't last long because price rpoceeded further up shortly.
I believe the best now is to buy pullbacks the nearest one of my interest being 7400-7470. But attention! During strong tren moves price is unwilling to provide comfortable entry opportunities.
Next target for bulls is 7890 which is the HTF range high, marked also as the high of the triangle (see HTF picture below)
Successfull breakout would send price to 9 keks.
Trade carefully
After prolonged consolidation 7040-7230 BTC has finally broke out and hit not only one resistance but two.
The first resistance 7230 is the range's high, the second resistance is 7450 which is also a significant HTF resistance.
Price provided beautifull sell set-up when H1 bar closed respectful of the 7230 level. That also provided SFP of the range high so many traders including myself did go for that short opportunity. It didn't last long because price rpoceeded further up shortly.
I believe the best now is to buy pullbacks the nearest one of my interest being 7400-7470. But attention! During strong tren moves price is unwilling to provide comfortable entry opportunities.
Next target for bulls is 7890 which is the HTF range high, marked also as the high of the triangle (see HTF picture below)
Successfull breakout would send price to 9 keks.
Trade carefully
Note
HTF viewNote
okay the market changed, dump seems too heavy to re-buy at nearest support.Better wait
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