BitcoinUpdated Short or long?
I believe crypto currency market is in a very important situation in this 1 or 2 weeks as we can see it has to broke one of two support and resistance area. It is clear it has a powerful resistance between 33,000-35,000 and probably next move will be strongly impulse. So I will go long if price hit 36,500 and close above it at end of the day then my first target will be 47,000usd . but if BTC value fall down to 31,000 and did not come up back in the next candle I will go short and first target price will be around 20,000USD. I think if price go down it will reverse in price zone between 20,000-14,000 so I will tightened the stop loss in that area and waiting for long signal.
Note
Bears market!!! First target 29,000 second target 19,700
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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.